Westpac's monthly consumer sentiment measure improves on the month
Up 4.3% m/m in February to 103.8
- January was down 4.7% to 99.6
For the y/y, up 1%
Optimists back outnumbering pessimists!
Westpac summary comments:
- sentiment recovered after a shaky start to the year
- back into 'cautiously optimistic' territory
- continued house price correction appears to be having only limited spillover effects on wider confidence
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Westpac survey approx.1,200 consumers
