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Australia – ANZ Roy Morgan weekly consumer confidence index -1.4% to 101.8

Eyes on Ukraine of course, not this.

Still, worth noting.

ANZ remarks:

  • inflation expectations rose 0.1ppt to 5.1% last week, its highest since Dec 2014.
  • Consumer confidence dropped 1.4% despite the easing of restrictions in NSW and the reopening of international borders to tourists
  • With petrol prices at record highs it is no great surprise that IE have moved up. Seems to be dampening sentiment.

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