Australia Starts Off Year With Dampened Consumer Confidence

Shoppers visit the David Jones Department store during the Boxing Day sales in Sydney, Australia on Dec. 26, 2021. Wendell Teodoro/Getty Images

Australia’s consumer confidence has taken a small hit across the country following the rapid spread of the Omicron variant of COVID-19.

The weekly ANZ Roy Morgan consumer confidence rating dropped by 2.4 points for the first week of the year, a week that usually sees a rise.