Summary: Household sentiment bounces after April plunge; number of pessimistic consumers greater than optimistic consumers; Westpac-Melbourne Institute index at 2008/2009 levels 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 terms, with consumer confidence leading the way. Household sentiment fell off a cliff...