Westpac-Melbourne Institute Consumer Sentiment Index
Up 2.5% m/m to 97.9 in September
- August was -1.2% m/m to 95.5
WPAC summary comments:
- The consumer mood remains downbeat
- September marking the tenth consecutive month that pessimists have outnumbered optimists
- Pressures on family finances, concerns around interest rates, deteriorating housing affordability and rising energy prices have all weighed on confidence in 2017
- These factors are more than offsetting the boost from an improved outlook for jobs particularly when a stronger labour market has not been associated with increased wages growth