Consumer confidence improves but only just

13 September 2017

 

A lot has been made of the recent divergence between consumer sentiment and business confidence in Australia. On the one hand, business sentiment has been buoyant, although after a fall in the latest survey it is back to its long-term average, which is on the optimistic side of neutral. On the other hand, consumer confidence has been slightly pessimistic since December 2016. According to the latest Westpac-Melbourne Institute Consumer Sentiment...

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