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