Australia Westpac October Consumer Confidence: +1.0% m/m (prior -3.0%)

Author: Eamonn Sheridan | Category: News

Westpac / Melbourne Institute consumer sentiment improves a touch to 101.5 

  • prior -3.0% m/m to 100.5

AUD edging up a few tics, It had a move higher overnight alongside other currencies vs a weaker US dollar. 

ADDED - brief comments from Westpac's report:
  • negatives seem to have, at least for the time being, run their course
  • Several positives .. strong economic growth, a solid labour market and ongoing recoveries in the previously weak mining states.
  • The net effect has seen the headline index holding slightly above the 100 line indicating that optimists are just outnumbering pessimists. The slight ascendency of optimists has been the case for 11 consecutive months since December 2017. That contrasts with the previous 12 months between December 2016 and November 2017 when the Index registered below 100 for 11 of those 12 months.
Background here:
  •  Australia Consumer Confidence data due soon - preview
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