Consumer confidence is down - 6.5 points year-on-year - giving already under-pressure retailers further headaches.
Confidence fell to 116.6 points according to a Roy Morgan survey conducted the weekend of 14 and 15 January, which is 2.4 points down from the previous week, but 6.5 points down from the same period last year.
Driving the fall in confidence from the previous week was a stabilisation following the post-Christmas sales, which has boosted the previous week's numbers.
The survey found Australians have less confidence in their family's financial situation with only 31% of respondents replying they were better off than a year ago, down from 33% in the prior period.
Gary Morgan said: "However, despite this week's fall, consumer confidence remains higher than it was at any point during November or December 2011, indicating that the Reserve Bank's consecutive interest rates cuts have provided a boost to consumer confidence."
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