After a lengthy divergence between consumer sentiment and business confidence in Australia which began in 2014, the two sectors converged again around July 2018. Currently, both measures are at slightly negative or below-average levels. This latest measurement of consumer sentiment indicates household confidence has reverted back to the somewhat-depressed levels present from mid-2014 to mid-2017. According to the latest Westpac-Melbourne Institute survey conducted in early July, average household optimism has...