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Financial News: Australia's Consumer Confidence Weakens Slightly

Australia's Consumer Confidence Weakens Slightly

06/19/2018 - 00:26:00 (RTTNews)

(RTTNews) - Australia's consumer confidence weakened during the week ended June 17, a weekly survey compiled by the ANZ bank and Roy Morgan Research showed Tuesday.

The consumer confidence index dropped to 122.1 from 123.0 in the preceding week. However, the index remained comfortably above its long term average.

Households' views towards current financial conditions worsened, while their expectations about future financial conditions strengthened to its highest level since January 2017.

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