|
Australia Consumer sentiment surges in January
 |
According to the Westpac-Melbourne Institute, the Index of Consumer Sentiment has seen a massive 5.6 per cent growth in January.
Bill Evans, Westpac chief economist, commented on the dramatic increase.
“This is a very strong result. The Index is seasonally adjusted and therefore takes account of traditional January optimism. Nevertheless it is still above its level of last September prior to the Reserve Bank's record three consecutive rate increases over the three months from October to December,” he said.
“In other convincing evidence, households appear to have comfortably absorbed the higher interest rates. We note that the confidence of those respondents who currently hold a... Full Story |
|
Story Submitter
|
|
Story Stats
Submitted Jan 19, 2010 6:52pm
Members who voted Useful for this story:
Members who voted Fade for this story:
|
|
Your Vote?
 Useful |
 Fade |
| Cast your vote for this story! |
| Your vote helps fellow traders identify the most useful stories! |
|
|
|
