Consumer confidence is still in the doldrums
Consumer confidence is still in the doldrums
22 March 2023
The Westpac McDermott Miller Consumer Confidence Index rose 2.1 points to 77.7 in March, after falling to record lows last quarter.
Westpac Senior Economist Satish Ranchhod says when the figure is a hundred, the economy is about on an even keel.
He says right now, it's extremely low, and signals most people in the country are pessimistic about where the economy is heading.
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