November consumer sentiment improves; comes with some “intriguing aspects”

10 November 2021

 

Summary: Household sentiment improves a touch in November; “intriguing aspects” of survey; above long-term average; three of five sub-indices higher; change in labour market expectations a “stunning development”; unemployment index lowest since mid-1990s. 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 in mid-July 2018. Both readings then deteriorated gradually in trend terms,...

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