Australia - Westpac Consumer Confidence Index for November: +4.5% m/m (prior -5.5%)

Westpac and the Melbourne Institute data point

Consumer Confidence Index for November: +4.5% m/m to 97.0

• prior -5.5% to 92.8

An improvement on the month and still under the 100 level which separates net optimism from net pessimism.

• Improvement for all the sub measures this month

WPAC comment from the report (in brief):

• the Index … has been below the 100 level, indicating pessimists outnumber optimists, for four of the last five months

Ugly pic: