Consumer confidence falls as petrol prices rise

By Guest Author · 23 July 2008 · Locked

Full details: Consumer confidence falls as petrol prices rise

See the complete version on Dynamic Business for the full story and insights.

Read the full article →

Summary

Rising petrol prices have seen consumer sentiment hit a 16 year low. Consumer sentiment, in July, is at 79 points; a drop of 6.7 percent from June, according to the monthly Westpac-Melbourne Institute survey. “The most probable explanation for the sharp fall in the index is likely to be petrol and oil prices,” says Bill […]