Why consumer and business sentiment has wildly diverged

Wednesday 15 November 2017

This week, we have experienced a strange phenomenon.

On Tuesday, the NAB’s business survey reported that business conditions are running at their strongest level since monthly records began in 1997, whereas business confidence remained above the long-run average level.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.