Consumer confidence falls Post-Black Friday while business optimism holds steady

Solely 22% (down 1 level) really feel higher off than a yr in the past, whereas 50% (up 3 factors) report being worse off.
Wanting forward, 32% (down 2 factors) count on monetary enchancment over the following 12 months, whereas 33% (up 4 factors) count on deterioration.

“The largest falls have been in households’ confidence of their monetary circumstances, particularly over the following 12 months,” ANZ economist Madeline Dunk (pictured above left) mentioned. “The ‘time to purchase a significant family merchandise’ sub-index declined 2.7 factors… although nonetheless at its second-strongest stage since Might 2022.”