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Consumers gloomy about economy: survey

 

Consumers seem to be getting less positive about the economy, with a key confidence indicator falling for the third consecutive week.

The ANZ-Roy Morgan Australian Consumer Confidence Survey shows consumer confidence was down one per cent in the week ended March 19 but, at 112, it remains above the 100-point level separating confidence and pessimism.

Consumers' 12-month economic outlook slumped 3.3 per cent, following a sharp 5.2 per cent downturn the previous week.