Australia: Consumer sentiment edges up in September
September 14, 2016
The Westpac-Melbourne Institute Survey of Consumer Sentiment increased 0.3% in September as the index rose from August’s 101.0 to 101.4. The increase nudged the index further above the 100 mark, indicating that the number of optimists outnumbers pessimists.
The Institute noted that consumer sentiment had remained remarkably stable over the past six months, despite some notable events that traditionally impact it. The overall stability is explained by a deterioration in confidence in domestic economic conditions cancelling out an improvement in households’ assessment of the international environment.
Author: Christopher Mc Innes, Economist