Summary: Household sentiment deteriorates in October; “in deeply pessimistic territory”; would have been “significantly worse” had RBA delivered 50bps increase; three of five sub-indices lower; more respondents expecting higher jobless rate. 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 measures then deteriorated gradually in trend terms, with consumer...