Consumer confidence falls to near historic lows
The Westpac McDermott Miller Consumer Confidence Index fell 11 points in June to 82.2.
Spending appetites have waned because of high interest rates and prices.
Households are overwhelmingly pessimistic about current economic conditions as hopes are dashed for interest rate relief this year.
The Westpac McDermott Miller Consumer Confidence Index fell 11 points in June to 82.2.
That erased gains over the past six months. A reading below 100 meant that
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