Massive jump for consumer confidence

12 August 2015

 

The Westpac-Melbourne Institute consumer confidence index rose in August, by an amount which has surprised its creators. The index jumped from 92.2 in July to record 99.5 in August. Moves of this magnitude are usually associated with significant events such as Federal Budgets and interest rate changes. Westpac’s explanation is the move simply reverses the downwards moves in June and July which came about because of the short term effects...

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