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Archive for August, 2009

Australian Consumer Sentiment shows highest increase in 35 years

August 27th, 2009

Category: Retail Business News

Consumer Sentiment All Time High in Australia Latest data suggests that consumers are feeling more optimistic about the state of the economy and in numbers never measured before. The Westpac-Melbourne Institute has been tracking a metric called the consumer sentiment index. The index is up 27.8 in the last 3 months which is the biggest three-month gain since the survey was started in 1975. “The message is clear – as far as consumers are concerned, the worst of the current downturn appears to have passed,” said Westpac senior e...