Summary: Household sentiment softens in June; “almost certainly due” to Melbourne lockdown; still well above long-term average; all five sub-indices lower; unemployment index higher; falls in non-Victorian states reflects vulnerability to further outbreaks. 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...