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Australian consumer confidence shaken by budget leaks

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Source: ANZ-Roy Morgan.

Consumer confidence took a sharp turn for the worse as pre-Budget whispers loom large. ANZ-Roy Morgan Consumer Confidence index has plunged more than 8% in the last two weeks despite improving signs in the local job market. ANZ chief economist Warren Hogan says Budget concerns are overdone and Tuesday night should bring relief to a public expecting the worst.

The views and opinions expressed in this communication are those of the author and may not necessarily state or reflect those of ANZ.

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