Crashing housing confidence hits consumer sentiment

Wednesday, 17 May 2017

Via Westpac:

• The Westpac Melbourne Institute Index of Consumer Sentiment fell by 1.1% in May from 99.0 in April to 98.0 in May.

The survey was conducted over the period May 8 to 13. Hence two of the survey days were ‘pre Budget’ and four were ‘post Budget’.

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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.