OctaFX | OctaFX Forex Broker
Open trading account

Australia: Consumer Sentiment holds the line - Westpac

Bill Evans, research analyst at Westpac, points out that Australia’s Westpac Melbourne Institute Index of Consumer Sentiment rose 0.1% to 104.4 in December from 104.3 in November.

Key Quotes

“The consumer mood continues to hold at cautiously optimistic levels. With another reading above 100, December now marks a full year in which optimists have outnumbered pessimists, a turnaround on 2017 which saw ten out of twelve sentiment updates below the 100 line. That said, the margin is still fairly small with some of the detail in the December update on the soft side. The component indexes show more downbeat views on family finances and longer term economic prospects offset by a solid rise in buyer sentiment.”

“The Westpac Melbourne Institute Unemployment Expectations Index rose 0.5% in December (recall that higher reads mean more consumers expect unemployment to rise in the year ahead). While this still marks a 5.2% improvement on a year ago, expectations are flattening, suggesting labour market momentum is slowing.”

Australia: Growth to slow, rates unlikely to change until the second half of 2020 - NAB

Analysts at NAB suggest that they are delaying their expectation for a first rate rise by RBA as the recent Australian data flow suggests that despite
Read more Previous

AMP: Australia's growth to take a hit on collapsing housing - Bloomberg

As noted by Bloomberg in an interview with AMP's Shane Oliver, Australia's housing market is priced in for a precipitous decline as lagging markets ca
Read more Next
Start livechat