Business
Consumer sentiment collapses but housing dreams hold up – The Australian Financial Review
Consumer sentiment has plunged in Victoria as the second COVID-19 lockdown in Melbourne sparks pessimism across the country.
People’s view of the economy for the next 12 months recorded a significant decline, slumping 14 per cent in July to 25 per cent below the pre-COVID-19 levels. This compares to a 40 per cent drop during the first wave of the virus in March-April.
Even more concerning is the view on the economy over the next 5 years. That fell 10.3 per cent. During the initial COVID-19 shock that index fell only 5.1 per cent, and returned to better-than pre-COVID-19 levels by June.
“This is disconcerting as medi…
-
General16 hours agoAFL gives teams finishing 10th chance to win premiership through wildcard round in finals
-
General12 hours agoPrincess Anne remembers Porepunkah police officers in wreath-laying ceremony in Melbourne
-
Noosa News12 hours agoDingo hunts shark in shallow waters off K’gari, Queensland
-
Noosa News5 hours ago‘Just want to know he’s safe’: Family’s German Shepherd asleep in back of stolen ute