Wednesday, January 20, 2010

This graph tells you the main thing you need to know about today's astonishingly good consumer sentiment report:



Saving jobs appears to trump higher rates.


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4 comments:

Anonymous said...

Hi Peter, Could you post this months sentiment report on Scribd. Particularly interested in this months movement in time to buy a dwelling index. Regards AT

Matt said...

Call me a cynic, but it doesn't surprise me that a a Westpac sponsored report states "households appear to have comfortably absorbed the higher interest rates", bearing in mind their recent efforts at increasing interest rates beyond the RBA recommendations...

Peter Martin said...

Dear AT, Done. But they only ask about time to buy a dwelling every 3 months. This was not one of those months.

Dear Matt, Westpac don't control the survey only the words used in the press release to write about it. What I have posted above is the actual survey, not the press release.

Anonymous said...

Thanks very much Peter. Looking at all those charts it appears as though its happy days for Australian households... until Glenn ruins the party.

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