Aussie consumer confidence falls to pre-GFC levels, 1/3 of Aussies think we’re in recession
Consumer confidence in Australia has fallen to its lowest point since the global financial crisis, according to a Nielsen study.
The global study saw confidence in Australia fall further than in any country except for Poland in the first quarter of 2012.
And more than a third (36%) of Australians think the country is in recession.
I would certainly say that many clients I have sold to over the last 2 years are now scrutinising every penny, more than they have ever done before.
Two tier is very true indeed, where mining is creating wealth, the high Aussie dollar is hurting tourism and manufacturing. Construction is on it’s knees and the trickle on effect is for all to see, with smaller businesses associated with the above sectors struggling. Retail; well some retailers are flying, whilst others are slow to adopt new techniques and pull their old business models along, like a ball and chain.
European woes have not helped us and until we see a positive sign in Europe we will continue to tread water.
Downturns are a great opportunity for smart marketeers to go on the warpath and grow their companies market share. You watch, there are many who are.
10 cent rant over…
p.s. House prices: will they get affected in the nice area’s…?
I would say thanks to Tony Abbot as well who is constantly talking down the Aussie economy for political gain
Louise why are you singling out Tony Abbott on this?
Please add Joe Hockey, Christopher Pyne, Eric Abetz, Julie Bishop, Barnaby Joyce …. to your list.