“An extraordinary result”; consumer sentiment hits 10-year high

Summary: Household sentiment improves again in April; highest reading since 2010; sentiment index well above long-term average; four of five sub-indices higher; unemployment index higher.   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. Both readings then deteriorated gradually in trend terms, with consumer confidence leading the way. Household...

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