“An extraordinary result”: consumer sentiment jumps

Summary: Household sentiment improves significantly for second consecutive month; confidence index back to above long-term average; “an extraordinary result”; at level last seen in late 2018; index higher in all states, all components higher; “stunning lift” in job security confidence.   After a lengthy divergence between measures of consumer sentiment and business confidence in Australia which began in 2014, confidence readings of the two sectors converged again around July 2018....

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