Reported 13 days ago
In November, Australia saw a rise in consumer sentiment and a significant boost in business confidence, the highest since early 2023, indicating relief from inflation pressures. A National Australia Bank survey reported a 7-point rise in business confidence and a 5.3% increase in consumer sentiment, suggesting convergence after two years of divergence. As concerns over interest rate hikes ease and the economic outlook improves, both household and corporate sentiments reflect a more optimistic future despite some jitters following the recent US election.
Source: YAHOO