House debates

Wednesday, 22 March 2023

Questions without Notice

Consumer Confidence

2:56 pm

Photo of Zoe McKenzieZoe McKenzie (Flinders, Liberal Party) Share this | Hansard source

My question is for the Prime Minister. Last week's Westpac-Melbourne Institute Survey of Consumer Sentiment Index was below 80 for two months in a row. Chief Economist Bill Evans said:

Runs of sub-80 reads have only been seen during the late 1980s/early 1990s recession and in the 'banana republic' period of concern in 1986 …

Why does consumer confidence always collapse when Labor is in government, why is the Prime Minister so out of touch and why do Australian families always pay more under Labor?

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