This is the weekly data on consumer sentiment from Australia. This for the week ended February 19
- Falls again
- Down for the 3rd consecutive week
- At it lowest since December 2016
- long run average is 112.8
Consumer views on their "current finances" down 7.5% to 101.6 (lowest since August of 2014)
- Something to watch for an impact on consumer spending
- Long run average is 101.6
- Says ANZ: "Views on financial conditions have been trending down since the start of 2017 and have now dropped to around the long-run average ... the sub-index is closely correlated with consumer spending"
