34609
Australia  CCI Falls
World Economy

Australia CCI Falls

Persistent worries over a slowdown in China’s economy and international stock market jitters are troubling Australian consumers, NewsNow reported. The ANZ-Roy Morgan consumer confidence index fell 0.8% in the week ending January 17, after falling 1.9% the previous week. Levels are now just a tick above the long-run average, ANZ’s co-head of Australian economics Felicity Emmett said. “The impact of financial market instability is a reminder that global shocks provide ever-present risks for a small open economy like Australia,” Emmett said. Views on the economic outlook continued to drag on overall confidence and had been on a downward trend since mid-November. The sub-index on the economic outlook in the next 12 months fell sharply, by 7.5%, last week, continuing its falls in the previous three surveys. It reached its lowest level since Malcolm Turnbull took the reins as prime minister, suggesting the “Turnbull effect” may be wearing off. This was partially offset by a solid bounce in consumers’ views about their financial position.

Short URL : http://goo.gl/ZFSC65
  1. http://goo.gl/FN8TzU
  • http://goo.gl/usxqTb
  • http://goo.gl/GXorDj
  • http://goo.gl/SGIkQq
  • http://goo.gl/8ntFFo

You can also read ...

Cyber threats are ever-evolving.
The White House released a report that found that the economic...
Global Investors Target Zimbabwe Energy Sector
Zimbabwe has become a magnet for billionaire global firms such...
BSP said the planned RRR cuts are part of the bank’s financial market reforms.
The Bangko Sentral ng Pilipinas said it was reducing banks’...
FAO regional representative Julio Berdegue (R), and the deputy regional representative Eve Crowley.
Identifying territories where rural poverty is most entrenched...
Asean Labor Flows Hit a Wall
Tighter restrictions on foreign labor in Malaysia and Thailand...
Lagarde Backs Creation of European Monetary Fund
International Monetary Fund chief Christine Lagarde has no...
The country’s GDP grew by 3.2% in 2017 but will  edge down in the coming years.
A report by the International Monetary Fund showed Sunday that...
Baby-boomers will start turning 75 or older in 2022, which is expected to trigger a surge in health care and nursing care costs.
Amid stalling inflation and ballooning government spending,...

Trending

Googleplus