Jit­ters hit con­sumers

Townsville Bulletin - - NEWS -

CON­SUMERS have been spooked by global fi­nan­cial tur­moil, and busi­ness man­agers could soon also get the shakes. Con­sumer con­fi­dence sagged in July to its low­est point in seven months, dragged down by dis­turb­ing fi­nan­cial head­lines from Greece and China. The West­pac/ Mel­bourne In­sti­tute in­dex out yesterday showed con­sumer sen­ti­ment fell by 3.2 per cent in July, af­ter drop­ping nearly 7 per cent in June. “The con­cerns around Greece have been com­ple­mented by sen­sa­tional cov­er­age of the col­lapse in the Chi­nese share­mar­ket,” West­pac chief economist Bill Evans said.

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