"Their confidence fell by 8.9 per cent compared to modest moves from tenants and those owners who do not have a mortgage ," he said.
Curiously, economists say households are still spending as though they're confident about the future and it's complicating the economic outlook, but they didn't expect that divergence to last."The combination of higher inflation, aggressive interest rate hikes and falling home prices together have contributed to very low levels of sentiment.Where to from here?
"On one hand, we have seen consumer sentiment decline to very low levels that are consistent with major economic disruptions," he said.
Pretty clear what the economy needs.... Encouraging competition.
That's because 'strong profits' don't help consumers one little bit and we've woken up to that fact.
Business has more profit? 😂😂 right
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Freeze on start-up founder’s $10m Mosman mansion after business collapsesFreeze on start-up founder’s $10m Mosman mansion after business collapses | nickbonyhady anthonysegaert nickbonyhady anthonysegaert Sydney entrepreneur from the White European migrant community of White Australians?
Source: smh - 🏆 6. / 80 Read more »
New AMA chief says stretched health staff shocked at ‘cost of business’ attitudeProfessor Steve Robson, a fertility specialist based in Canberra, was elected to lead the nation’s most high-profile medical group last week.
Source: brisbanetimes - 🏆 13. / 67 Read more »
Worker numbers and skills more important than sweeping economic change: BusinessIndustry groups say the upcoming jobs summit should focus on measures to boost workers rather than overhauling the Reserve Bank.
Source: smh - 🏆 6. / 80 Read more »
New AMA chief says stretched health staff shocked at ‘cost of business’ attitudeThe Australian Medical Association's new president says many healthcare workers were shocked by the attitude that suggested stretched hospitals and exhausted staff were the cost of doing business in a pandemic. Health officer talking about the vaccine
Source: theage - 🏆 8. / 77 Read more »