-1.8% to 84.4 vs +6.2% February (readings below 100 indicate general pessimism vs above 100 indicates general optimism) Now marks 24-months since Australian consumers were optimistic Households are disappointed with a lack of certainty around timing of rate cuts / not getting one yet Also concerned about finances (-1.4% to 65.2) and economic outlook over the next 12-months (-4.5% to 84.9) $ASX 300(LIST91329.AU)$$ASX 200(LIST91328.AU)$$S&P/ASX 200(.XJO.AU)$
Unemployment is a lag indicator - the changes have already occured by the time the data is out. If there are truly mass redundancies across the we should see it in future data releases. Also, construction, mining and healthcare are massive employers and still competitive job markets. $S&P/ASX 200(.XJO.AU)$$ASX 200(LIST91328.AU)$$Westpac Banking Corp(WBC.AU)$
Now marks 24-months since Australian consumers were optimistic
Households are disappointed with a lack of certainty around timing of rate cuts / not getting one yet
Also concerned about finances (-1.4% to 65.2) and economic outlook over the next 12-months (-4.5% to 84.9)
$ASX 300(LIST91329.AU)$ $ASX 200(LIST91328.AU)$ $S&P/ASX 200(.XJO.AU)$
$ASX 200(LIST91328.AU)$
Also, construction, mining and healthcare are massive employers and still competitive job markets.
$S&P/ASX 200(.XJO.AU)$ $ASX 200(LIST91328.AU)$ $Westpac Banking Corp(WBC.AU)$
No comment yet