The July survey was taken in the week ending July 6. We had an RBA rate cut, and the government tax cuts in Parliament.
Comes in at -4.1% on the month, index to 96.5 (shows pessimists outnumbering optimists)
- May was -0.6% m/m to 100.7
Given the positive outlined above this is a bad result. Aud off a few points.
