Westpac Australian consumer sentiment +2.7% m/m in July (prior +0.2%)

Westpac July 2023 Australian consumer sentiment survey, +2.7% m/m in July to 81.3

  • prior 79.2
  • +2.7% is the biggest gain since April

WPAC comment:

  • "The key message is that sentiment is probably not going to stage a sustained lift from current deeply pessimistic levels until inflation is much lower and interest rates are firmly on hold"

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