🥳 Appears Aussies are getting more confident?! Is the trend our friend?
🟩 Target line = above green line ("100+")
🟧 We're now = peach line (around "92")
↘️ Aussies have felt a sustained period of negative sentiment - we can see it's been 6-7 years since spending meaningful time above "100".
It's still negative, but not quite 'as negative' as most recent years.
Q: "What is Consumer Sentiment?"
A: The RBA Consumer Sentiment is a graph of the Westpac-Melbourne Institute index, that tracks Australian households' optimism about their financial situation. The chart is based on a monthly survey that asks five key questions. An index score above 100 indicates more optimists than pessimist. The average since 1980 is 100.
Call us if you want to discuss this, it's geeky but very interesting.
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