empty
 
 

2019.05.1423:32:00UTC+00Australia Consumer Sentiment Improves In May

Australia's consumer confidence improved in May, data from Westpac showed Wednesday.

The Westpac-Melbourne Institute Index of Consumer Sentiment rose 0.6 percent to 101.3 in May from 100.7 in April. The indicator has held above 100 for ten of the last twelve months.

Readings before the Budget announcement were much lower than in the post Budget period, indicating that it had been well received by consumers, Bill Evans, chief economist at Westpac said.

Despite the Reserve Bank ultimately deciding not to cut the cash rate at its May Board meeting it is likely that households are much more confident this month than previously that interest rates are likely to come down further, said Evans.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback