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Australian data - Westpac Consumer Confidence Index (June) +0.2% m/m (prior -7.9%)

The index dropped/collapsed even further in May, to 79.0 from 85.8 in April.The June result just released is not a lot better. Comes in at 79.2Westpac attributing the awful result to the RBA rate hike:"While the full survey showed little net change in sentiment, responses within the survey week show a big rate rise impact," "Of most concern is confidence around jobs – which has been the single bright spot in otherwise bleak consumer surveys over the last year. This now looks to be fading fa... Read More

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Content Topics

Australian

Data

Westpac

Consumer

Confidence

Index

June

june

prior

7 9

Forex

Posted: Jun 13 2023, 00:30

Author Name: forexlive

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