Tuesday, May 20, 2008
This latest result is the first Roy Morgan Consumer Confidence Rating since September 1993 to be less than 100.0 points. Gary Morgan says
marshallplace: The May Roy Morgan Consumer Confidence Rating is 97.1, down 3 points from April and a massive 25.4 points below the May 2007 result of122.5
"The large jump in Australians who expect their family to be in a worse financial situation in a year's time shows Australians are beginning to worry that the downturn in economic conditions is likely to affect them and their families."The Reserve Bank, which finally noticed the distress in the community and did not again raise interest rates at its meeting earlier this week, May 6, should be dropping interest rates at its next meeting in June before the Australian economy enters a recession Australians don't need."
Posted by chris @ 06:28 AM (170 views) Add Comment
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