Consumer sentiment at highest since 2010, says economist

Westpac senior economist Bill Evans.
Westpac senior economist Bill Evans.

CONSUMER sentiment has hit the highest point since December 2010, following the Federal Election, Westpac chief economist Bill Evans wrote on Wednesday.

Mr Evans released the latest sentiment figures, showing a 4.7% jump in positive outlook for Australia's consumers between the start of August and September.

While the Westpac monitor showed the election may have played a role in improving sentiment, a series of rate cuts, which began nearly 12 months ago, was also "gaining traction".

"The index has now increased by a respectable 13.8% since the Reserve Bank began cutting rates and it is now 9.9% above its average over the period since that first rate cut," Mr Evans wrote.

Topics:  economy spending

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Helping out our Younger Heroes

HEROES: Damien Schofield with some of the attendees at the most recent Younger Heroes camp at Mount Warning

Yonger Heroes score bank award.

These Vampires live on jazz

MUSICIAN: Alex Boneham.

The Australian Music Prize nominated jazz-world band play this week

Rock band Sticky Fingers spotted on the Northern Rivers

SHOW TIME: Sticky Fingers always promises an entertaining show. Photo contributed.

The band has been in an 'indefinite hiatus' since February 2017

Local Partners