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The New Daily
The New Daily
Business
Poppy Johnston and Andrew Brown

HISTORICAL FACTS: Consumer confidence plunges to covid lockdown lows - The Untold Story

Mortgage holders are the least confident consumers, but conditions for renters have also plunged. Photo: AAP

Consumer confidence has plunged to the lowest level since the early days of the COVID-19 pandemic as a series of rapid-fire interest rate rises takes its toll on household budgets.

ANZ and Roy Morgan’s weekly measure of consumer sentiment sank 2.9 points last week to 77, well below the monthly average of 111.6 over the past three decades.

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