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Satish Ranchhod: Westpac senior economist on consumer confidence going up in June
Published 1 year ago
Description
New data shows consumer confidence has gone up - but overall levels show people are feeling more pessimistic than optimistic about the economy.
The Westpac McDermott Miller Consumer Confidence index rose two points in June to 91.2, a modest rise from last quarter's drop.
Westpac senior economist Satish Ranchhod says negative news and the rising cost of living are contributing to an uncertain outlook, but confidence is likely to improve once more mortgages drop.
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