Consumer defaults fall to post-recession lows
Consumer defaults fell in March, reaching new post-recession lows and reflecting a sequential drop in defaults across all loan types except for bank cards, according to a monthly survey from Standard & Poor's Indices and Experian.
Consumer confidence, already at a decade low in the March quarter, plunged further in June quarter to its lowest since the recession of 1991, according to the Westpac McDermott Miller survey.