Federal budget boosts household sentiment but for how long?

10 April 2019

 

After a lengthy divergence between consumer sentiment and business confidence in Australia which began in 2014, around July 2018, the two sectors converged again to be largely in line with each other. Currently, both measures are around neutral or slightly negative levels. While the latest reading of consumer sentiment may have moved to a slightly optimistic one, it’s still a little below its long-term average.  According to the latest Westpac-Melbourne...

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