The Westpac–Melbourne Institute Consumer Sentiment Index has rallied 4.9% since Jul to be at 101.4 in Oct, back in optimistic territory above the 100 line for the first time since Nov last year.
― An improving global economy, easing concerns about interest rates and overheating housing markets and an ongoing lift in labour market conditions have been the main positives.
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David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
