Westpac-MI Consumer Sentiment September 2015
Elliot Clarke
Westpac
The Westpac –Melbourne Institute Consumer Sentiment Index fell by 5.6% in September from 99.5 in August to 93.9 in September. September is the 17th month of the last 19 where the index has been below the 100 optimist/pessimist divide. Within the detail: consumers remained nervous over the labour market; were more concerned over their family finances; and less willing to spend on a major household item. Consumers' confidence in the housing market also continued to erode: 'time to buy a dwelling' is down 30% on two years ago; and house price expectations have also fallen 17% over the past year, though this measure continues to signal positive price growth hence. (VIEW LINK)
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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 management of financial institutions and linkages between the finance sector and the real economy are key areas of focus.
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Elliot Clarke
Senior Economist
Westpac
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...
Expertise
No areas of expertise
Elliot Clarke
Senior Economist
Westpac
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...
Expertise
No areas of expertise
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