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The Westpac–Melbourne Institute Consumer Sentiment Index is out, with sentiment largely unchanged in February, edging up 0.1% to 92.2 from 92.1 in January.
- Westpac Consumer Sentiment Index basically unchanged in February.
- Firming rate cut expectations supporting a positive outlook for finances.
- Weaker current finances point to post–Christmas ‘hangover’.
- Unsettled global backdrop restraining expectations for the economy.
- Affordability challenges still holding back sentiment towards home buying.
The Westpac–Melbourne Institute Consumer Sentiment Index was basically unchanged in February, edging up 0.1% to 92.2 from 92.1 in January.
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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.