Westpac Economics Weekly Update
Australian consumer sentiment was disappointing in April, the index falling 4% to 95, materially below the 100 optimist/pessimist divide. Family finances and economic expectations both deteriorated, and there was clear evidence of concerns regarding housing affordability. On the labour market, the key result was the marginal improvement in the unemployment rate to 5.7%. For the RBA, it is 'meaningfully' below 6% and (at the margin) trending down. In the US, the latest inflation data gives the FOMC many a point to ponder.
An Economist based in Sydney Australia with a particular interest in macro-financial analysis of the Australian and global economy. Having spent a number of years with the Reserve Bank of Australia and Westpac Economics, monetary policy, the...
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