Westpac – Melbourne Institute Survey of Consumer Sentiment
A big jump of 8.5% m/m to 103.2. Now at its highest since January of 2014
– prior was -4% to 95.1
Westpac citing 2 factors behind the jump – the Budget and the RBA rate cut, with the RBA cut the more dominant of the two (“”Supporting this view has been a stunning 15% increase in the
confidence of those respondents in the survey who currently have
a mortgage.)