Australia - Westpac Consumer Confidence for June -1.0% m/m (prior +8.5%)

15 June 2016, 08:50
Sherif Hasan
0
11

Westpac Consumer Confidence for June 

Down 1% on the month to 102.2
  • Last month it had a good sized jump, up 8.5% to 103.2
OK ... more info...
The survey was conducted last week. You may recall I was on holiday last week, so my infectious enthusiasm and cheerfulness was absent from the internets. Hardly surprising the result is lower then.
Oh, I'll be back with more sensible comments soon.

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Via WPAC:
  • Coming after an 8.5% surge in May, the small decline in June mostly represents a consolidation at improved levels
  • although confidence has slipped back a touch in June this is a fairly common pattern following an interest rate driven bounce
  • At 102.2 the Index is still in slightly 'positive' territory overall
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