Ensure you never miss an issue of the
real estate business bulletin
Confidence down after job cuts

Confidence down after job cuts

by Reporter 0 comments

Consumer confidence has fallen for the third consecutive week, new data shows.

According to the ANZ-Roy Morgan Consumer Confidence Index, consumer confidence declined 0.7 per cent last week to 109.6.

Confidence has fallen around five per cent over the past three weeks and is below its long-run average, sitting around levels seen 18 months ago.

Most areas of consumer confidence fell or were unchanged last week except for the area concerning consumers' 'financial situation compared to a year ago’, which rose very modestly.

The decline in the ANZ-Roy Morgan Consumer Confidence Index over the past three weeks coincides with announcements of staff terminations by Toyota and Qantas, as well as international woes in eastern Europe between Ukraine and Russia.

However, Roy Morgan Research claims that the beginnings of a recovery in job advertising in recent months could suggest a moderately stronger labour market will likely see confidence recover in the coming months.

Confidence down after job cuts
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
The difference between an average agent and one who dominates

McGrath Crows Nest’s Peter Chauncy is number 10 in this year’s REB Top 100 Agents ranking. Peter, however, is more likely not surprised ...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?