Australia: Fall in Consumer Sentiment – TD Securities

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities note that the Australian Consumer Sentiment fell 1.7% m/m in September following a 3.6% increase in August.

Key Quotes

“Nearly all sub-components of the index registered losses on the month with current conditions falling 2.7% m/m and the Economy 1 year ahead falling the most -3.1% m/m. This is a disappointing outcome considering back to back rate cuts in June/July and tax offset payments beginning to hit accounts. This follows softer NAB business sentiment yesterday. However the 'time to buy a dwelling' index remained near 5yr highs.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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