Australia - Westpac Nov. consumer sentiment: +2.8% m/m (prior +1.0%)

Author: Eamonn Sheridan | Category: News

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
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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 
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This is the Westpac Melbourne Institute Index of Consumer Sentiment
  • survey was November 5-10

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