Westpac Consumer Confidence Index (s.a.) for March, -1.2% m/m to 99.5
- prior was +8.0% to 100.7
Comments on the release from Westpac:
- Consumers are less concerned on economic outlook and jobs compared to December
- The recent petrol-price rise and weak GDP release may have hurt sentiment
(I really gotta say the consumers I speak with know **** all about the Q4 GDP release .... Just sayin')
Westpac continue to expect another RBA rate cut in April or May
AUD/USD grinding out a small gain so far this morning:
