Carbon tax uncertainty pulls consumer sentiment down
By Lorna Brett · 14 July 2011 · Economy
By Lorna Brett · 14 July 2011 · Economy
A perfect storm of uncertainty is sending shockwaves through the economy. Will the carbon tax be the tipping point that changes everything?
Consumer sentiment fell 8.3 percent in July, to levels not seen since May 2009, thanks to uncertainty about the carbon tax, concerns over the European financial crisis and the ongoing impact of seven rate rises between October 2009 and November 2010.
Tags: Australian carbon tax details, carbon price, carbon price scheme, carbon tax, Consumer Confidence, Consumer Sentiment, Westpac-Melbourne Institute Index