An indicator for Australian consumer confidence
On the improve, quite a good improvement for this
Up 2.8% on the month to 104.3
not an FX mover usually … today no expcetion
---
Some background to today's release from Westpac:
- boost from tax cuts in the May budget faded in past months
- negatives around the political leadership spill
- mortgage rate increases
- Falling house prices
- rising petrol prices
- Slow income growth
---
This is the Westpac Melbourne Institute Index of Consumer Sentiment
- survey was November 5-10
