‘People are spooked’: Australia’s January consumer confidence sinks to three-decade low over Omicron

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As Covid cases surge Australians are avoiding spending, despite 2021 ending on an economic high

All states fell below the neutral confidence level of 100, and were below the depths of the Delta Covid variant wave. All subindices were also in retreat, including current financial conditions dropping 11.3%. The number of respondents saying now was “the time to buy a major household item” also falling by a similar 11.4%.

 

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Maybe put your money to a better use then.

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Despite all their restrictions.

Loss of confidence is related to gov response not covid. We've lived with covid, now, thanks to gov, we die with it.

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