Australia: Consumer confidence index slipped to 100.5 in Sep - TDS

Australia’s September Westpac consumer confidence index slipped to 100.5 (prior 103.6) after major banks hiked SVRs and political changes involving the removal of PM Turnbull in August, notes the research team at TD Securities.

Key Quotes

“This is the weakest sentiment reading since November last year in seasonally adjusted terms. Sep consumer confidence SA mom slipped to -3.0% from -2.3%. Along with the weak headline figures, the underlying data also fell across the board.”