Story perspectives
Consumer Confidence Drops, Business Optimism Rises in Australia
2/11/2025
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Story summary
- Consumer confidence in Australia decreased by 1.8 points to 86.7, yet remains higher than last year.
- ANZ economist highlighted economic concerns, with household financial confidence at its lowest since September 2024.
- Business confidence increased to 108.2 in January, fueled by expectations of interest rate cuts.
- Most businesses foresee positive economic conditions, with notable confidence growth in Tasmania and Victoria.
