Rates, inflation undermine confidence

By Colin Brinsden, Aap Economics and Business Correspondent
Updated May 10 2022 - 2:36pm, first published 2:33pm
Retail spending grew 1.2 per cent in the March quarter after the impact of COVID-19 Omicron.
Retail spending grew 1.2 per cent in the March quarter after the impact of COVID-19 Omicron.

Confidence among Australians fell to a 20-month low after the first official interest rate rise in more than decade, while business sentiment has been jarred by rising cost pressures.

Subscribe now for unlimited access.

$0/

(min cost $0)

or signup to continue reading

See subscription options

Get the latest Taree news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.