Rate cuts made households “nervous”: Westpac survey

09 October 2019

 

After a lengthy divergence between consumer sentiment and business confidence in Australia which began in 2014, the two sectors converged again around July 2018. Both measures have been around or under neutral levels in recent months but business sentiment has been falling from a higher base, whereas consumer sentiment has been stagnating at or close to neutral levels for some years. This latest consumer sentiment survey indicates the recent stoicism...

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