Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Wednesday, 11 May 2016

Consumer sentiment biggest jump in nearly 6 years

The interest rate cut sent consumer sentiment soaring a massive 8.5 per cent higher in May, from 95.1 to 103.5.

That's the highest reading in 26 months.

And it's the biggest leap since just under six years ago in June 2010. 

A reading of above 100 signifies that optimists outweigh pessimists.

Source: Westpac

I wouldn't take such a survey too literally given that it's derived from a fairly small sample and ultimately it is only one month's reading.

Nevertheless improvements were recorded across the board, particularly for homeowners.