Consumer confidence recovering after post-budget shock

By Simon Frazer

Westpac senior economist Matthew Hassan says that is close to its pre-budget level and likely indicates consumers believe unpopular measures either will be watered down or abandoned altogether.

But the latest Westpac-Melbourne Institute survey of Consumer Sentiment, conducted in the first week of August, shows optimism is back on the rise.

Consumer confidence is recovering from the hit it took in the wake of unpopular measures in this year’s federal budget.

Read more here: ABC


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