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Australia Westpac Consumer Sentiment (May) -7.9% m/m (prior +9.4%)

The index dropped to 79.0 in May from 85.8 in April. The weekly consumer sentiment data is just as dour:Weekly Australian Consumer Confidence survey 75.9 (prior 77.7), weakest since April 2020 WPAC comments: "The two key developments over the last month have been the surprise decision by the Reserve Bank Board to lift the cash rate by a further 0.25% in May and the Federal Budget," "Some consumers may also have had unrealistic expectations going into Budget 2023 – especially around the scope to... Read More

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Australia

Westpac

Consumer

Sentiment

May

Prior

prior

9 4

Forex

Posted: May 16 2023, 00:32

Author Name: forexlive

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