Sentiment still up

A HEIGHTENED, volatile share market and speculation about higher domestic interest rates has not dented consumer sentiment.

The Westpac Melbourne Institute Index of Consumer Sentiment rose 2.9 per cent in January to 111.1 from 108 in December.

Westpac senior economist John Peters said this signalled continuing robust consumer spending in early 2000.

“The continued high level of the Consumer Sentiment Index provides support for Westpac’s view that consumer spending will continue to be a key driver of above trend economic growth into 2000,” Mr Peters said.

He said the rise in sentiment indicated the current broad-based strength in the economy – reflected in the lowest unemployment rate for a decade – was currently offsetting any concerns consumers may have about rising interest rates.

In response to the buoyant economy, Westpac has revised up its interest rate outlook, with the forecast peak in the interest rate cycle to now be 6.5 per cent rather than the original 5.75 per cent.




Rio Tinto$21.40bn
BHP Billiton Iron Ore$17.97bn
North West Shelf Venture$16.84bn
Fortescue Metals Group$8.12bn
Gold Corporation$5.81bn
CF 2011
CF Q3 FY12
Elizabeth Quay
IBM Tech Staff
Subiaco Revenue
R&D Expenditure
Online Revenue
Female Uni Chancellors
Executive Salary 2012
Employment growth
Population growth
WA employment figure
WA GST return
Business Credit growth
Green Star Certified
SMEs Social Media use
Perth's Median house price
China investment in WA
China GDP growth
Education Revolution allocation
Indigenous resource workers

Feedback Form