Thursday 14 March 2013

Consumer Sentiment Rises Again

It is ironic that the article following this one is headed “Victoria In Recession” but such is the volatility of these times that conflicting information is common. This months consumer sentiment figures are certainly encouraging.

Westpac released figures this week that show the fifth consecutive positive reading with the March index recording 110.5 after 108.3 in February. Westpac’s Chief Economist, Bill Evans said - “Consumers would have been buoyed by the positive run on markets. The sharemarket continued its strong start to the year, rising a further 3% between the February and March surveys to be up 10 per cent for the year and 20 per cent from its September low. Gains have been impressive offshore as well with the Dow Jones up 10% so far in 2013, reaching a new record high,”