Westpac’s consumer survey shows last week’s tax cut announcement failed to give sentiment a meaningful boost. Chief economist Bill Evans called the latest results “disappointing”. Sentiment among Australian households remains subdued, despite the announcement of income tax cuts in last week’s federal budget. The latest Westpac-MI consumer sentiment index fell […]
Australian consumer confidence fell this month as volatility on global stock markets rattled Aussie households. The Westpac-Melbourne Institute monthly survey of consumer sentiment showed a 2.3% to decline to 102.7 — down from January’s four-year high of 105.1. Despite the fall, the index stayed above a reading of 100 for […]
Australian consumer confidence dipped again in November after seeing a rise in the month prior. The Westpac-Melbourne Institute consumer sentiment survey recorded a 1.7% fall to 99.7. A reading of 100 is deemed neutral, meaning that the number of optimists and pessimists are the same. Any reading below 100 indicates […]
The Westpac/Melbourne Institute consumer sentiment index picked up in August after four straight months of falls, albeit remaining below its long-term average. The headline index rose to 97.9 from 95.5, with a pickup in four of the five major sub-indexes: Despite the pickup, Westpac chief economist Bill Evans said the […]
There’s an unusual trend in the Australian economy – businesses are feeling great, but regular folk are feeling down in the dumps. The gap has been widening and becoming more pronounced, and largely due to a simple reality: companies are making solid profits but people’s wages are going nowhere. This […]
The latest reading of the Westpac/Melbourne Institute consumer confidence index shows a continuing decline in sentiment. The August reading showed a measure of 95.5, down 1.2% from a 96.6 measure in July. The reading has been steadily decreasing since a reading of 99.7 in March this year. That was still […]
Will pessimists continue to outnumber optimists?
Will the volatility continue in July?