Household confidence slips again

09 August 2017

 

NAB’s latest business survey indicated the business sector continued to experience buoyant conditions, with confidence levels to match. This rosy picture has not extended to Australian households, a divergence some economists attribute to low rates of growth in wages and salaries. According to the latest Westpac-Melbourne Institute Consumer Sentiment Index, households were slightly more pessimistic than a month ago as the Index slipped from 96.6 in July to 95.5 in...

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