Improving conditions, prospects drives Aust. consumer sentiment higher

10 March 2021

 

Summary: Household sentiment improves again in March; improving economic conditions and prospects, domestically and abroad; all five sub-indices higher; unemployment index lower; sentiment index well above long-term average.   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...

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