“Weakness in other states” blots September sentiment report

Summary: Household sentiment bounces significantly, continuing recent erratic path; confidence index back to pre-pandemic level; weakness in other states due to virus clusters and possible “second wave”; survey carried out prior to Victorian announcement of slow reopening; Vic disappointment may be offset by containment success.   After a lengthy divergence between measures of consumer sentiment and business confidence in Australia which began in 2014, confidence readings of the two sectors...

read full story