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From Westpac:
- Westpac Consumer Sentiment dips 2% to 92.8.
- Assessments of current conditions continue to post solid improvements.
- But consumers turn pessimistic again on economic outlook.
- Softening also weighing on labour market and housing-related sentiment.
The Westpac–Melbourne Institute Consumer Sentiment Index dipped 2% to 92.8 in December from 94.6 in November.
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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.
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