Australia Consumer Confidence


Consumer sentiment picks up as households respond to monetary easing

In November, the index of consumer sentiment published by Westpac and the Melbourne Institute jumped to 104.3 points. The figure was up from the 99.2 points recorded in October and marked the highest level since April 2011. With the November reading, sentiment moved above the 100-point threshold that separates optimistic from pessimistic territory for the first time in nine months, suggesting improving conditions for consumer spending in the months ahead. According to the survey, "households are [

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Australia Consumer Confidence Chart

Australia Consumer Confidence November 2012

Note: Index of consumer sentiment; 100-point threshold indicates equal number of positive and negative responses.
Source: Westpac - Melbourne Institute Survey of Consumer Sentiment.

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