14 Sep 2012

Consumer confidence dips

7:15 pm on 14 September 2012

Consumer confidence has dipped as shoppers remain subdued about spending.

The ANZ-Roy Morgan Consumer Confidence Index has fallen 2.2 points to 114.1 this month.

A reading above 100 indicates optimism.

ANZ chief economist Cameron Bagrie said on Friday that consumers are feeling financially worse off compared to a year ago, but more confident about the year ahead.

"The fact that it's (the index level) above 100 is still reasonably encouraging.

"There's still a bit of appetitite to get out there and spend ... people are spending a little bit, but not a lot. Consumers' overall attitude is still one of caution."