Australian monthly consumer confidence for September falls 1.5% m/m to 79.7 | Forexlive

Westpac – Melbourne Institute Consumer Confidence for September 2023 falls 1.5% from August to to dismal 79.7.

• Numbers under 100 mean that pessimists outnumber optimists in the survey
• the index has been below 100 mark since March
  2022, the longest streak since the early 1990s recession

Westpac comments:

• “The strong message from the survey detail is of ongoing
  intense pressures on family finances.”
• 
  “The cost of living remains the key negative for confidence
  in this cycle. While the ‘threat’ of rising rates is expected to
  ease further, a sustained recovery in confidence will only
  emerge when households are much more comfortable with the cost
  of living.”

Earlier we had the equally dismal weekly sentiment number: