Consumer sentiment surges

Wednesday, 13 February 2013

Westpac’s Consumer Sentiment reading is out for January and shows a big jump of 7.7% from 100.6 in January to 108.3 in February. This is far from unprecedented as a chart of monthly growth rates shows:

But is still impressive and is the highest reading since 2010. Bill Evans offer his commentary below, with which I largely agree.

er20130213BullAusConsumerSentiment (1).pdf by Amanda Moore

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.