Softer conditions to start the year
Insight
April 11, 2024
NAB Consumer Sentiment Survey Q1 2024
Consumer stress has eased for the first time in six quarterly surveys
- Price perceptions have also moderated, but sentiment remains fragile with fears of renewed growth in prices over the coming year.
- With the number of consumers making targeted cutbacks continuing to rise, many Australians have been able to make more savings and in most areas.
- Future spending expectations are still cautious though a little less restrained.
- With cost of living still a key concern, consumer satisfaction is highest for discounters (supermarkets and department stores).
