Lift in household confidence “uncertain” despite bounce

11 July 2018

 

During most of the period between 2014 and 2018 there has been a divergence between consumer sentiment and business confidence in Australia. The latest consumer survey may mark the beginning of a convergence of the two sectors. Although one month’s reading is hardly enough to rely on, perhaps Westpac chief economist Bill Evans knew something when he referred to “a clear improvement” in consumer sentiment after last month’s report.  According...

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