WBC-MI sentiment index “plumbs historic lows” in November

08 November 2022

 

Summary: Household sentiment deteriorates again in November; only slightly higher than April 2020; rate increases, forecasts of higher electricity prices play roles in latest reading; UBS: “historically consistent” with falling real consumption; all five sub-indices lower; more respondents expecting higher jobless rate. 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 in mid-July...

read full story