By: Eamonn Sheridan

Westpac-Melbourne Institute Consumer Confidence Consumer Sentiment (Seasonally Adjusted) came in at +7.7% M/M Prior was +0.6% m/m Biggest jump since September 2011 The Index for February is at 108.3, the highest since 2010 Fourth consecutive figure above 100 “The more positive February reading suggests lower interest rates may finally be starting to gain more traction with the consumer,” said Bill Evans, Westpac’s chief economist. “Housing markets continued to show signs of recovery.” Chart of the index at this post More: Australia Consumer Confidence Jumps by Most Since September 2011