Household sentiment improves on share prices, future tax cuts

13 November 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. Since then, confidence has deteriorated and both measures have been around or under neutral levels in recent months. The prospect of reduced international trade and high household debt levels have compelled both the business and household sectors to act cautiously. According to the latest Westpac-Melbourne Institute...

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