Consumer confidence plunges to lockdown levels while Australians prepare for the polls

 Australians' confidence in the economy and their own financial situation has plunged to lockdown levels, just weeks before an election that is being fought on the rising cost of living.

Here in Australia and globally,  markets are considering rate hikes, inflation, war and supply chain woes.

The latest consumer confidence data from Westpac shows it is down 5.6 per cent to 90.4 points in May. 

That is the measure's lowest level since August 2020, when COVID lockdowns were hitting Victoria.

Read More: https://www.abc.net.au/news/2022-05-11/wall-street-inflation-asx-rate-hike/101055044



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