Consumer confidence down, but business confidence up: Roy Morgan research

Though consumer confidence has dipped sharply over the last month, business confidence in Australia is improving, according to data from Roy Morgan.

The softening in consumer confidence has been driven by Aussies having less confidence about the Australian economy over the next 12 months, less certainty about their finances compared to a year ago and fewer people saying that now is a good time to buy major household items, according to the research firm.

Consumer confidence in Australia