Australia Westpac Consumer Sentiment stays deeply pessimistic (below 100)

+2.2% m/m in May to 92.1

  • prior -6% to 90.1

Earlier from Australia we had the weekly ANZ-Roy Morgan Australian consumer confidence index:

  • +0.8 points last week
  • hit an 11-week high of 88.3 points
  • inflation expectations are part of the survey, these fell 0.4% to 4.5%.
rba dates 2025 30 October 2024 2

The Reserve Bank of Australia is on track to cut its cash rate next week.

Source: Forex Live