Weak bounce for WBC-MI sentiment index in December

13 December 2022

 

Summary: Household sentiment improves in December; still comparable with COVID lows, GFC despite lift; three of five sub-indices higher; 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 2018. Both measures then deteriorated gradually in trend terms, with consumer confidence leading the way. Household sentiment...

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