Australia: Consumer sentiment ticks up in November
The Westpac-Melbourne Institute consumer sentiment index increased to 105.3 in November from 104.6 in October. Therefore, sentiment moved further above the 100-mark, indicating that there were more optimists than pessimists among Australian consumers.
November’s rise came on the back of more optimistic expectations over the economy in the next 12 months and five years as well as of consumers’ increased willingness to buy major household items. On the flipside, households’ expectations of family finances in the next 12 months and assessments of family finances compared to one year ago deteriorated
FocusEconomics panelists are still assessing the latest developments.