Australian consumers hunker down

From westpaciq.com.au Watch this video at https://www.forexfactory.com/news/1248402-australian-consumers-hunker-down.

Westpac’s October Red Book gives a detailed update on the Australian consumer. Cost-of-living related pessimism continues to dominate but spending is being trimmed rather than slashed, pandemic savings providing an important buffer. Consumer views on housing and jobs provide some interesting perspectives with some surprising snippets in the latest survey detail.