Consumer confidence: “a cracking result”

The Westpac-Melbourne Institute index of consumer sentiment increased to 101.7 in November from the October recording of 97.8. The rise in the index indicates an increase in the ratio of optimistic consumers to pessimistic consumers and it follows on from of October’s rise. A reading above 100 means there are more positive responses from people in the survey than negative ones. Bill Evans, Westpac’s chief economist, described it as a...

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