Westpac / McDermott Miller quarterly survey

116.9 in Q2

  • prior 114.2

Westpac say

  • underlying details softening
  • perceptions about job opportunities fell, for a 2nd consecutive quarter
  • views on past and future earnings growth rebounded
  • no sign that households have perceived a pick-up in wage growth

Westpac background commentary with:

  • low business confidence a negative for hiring intentions
  • job advertisements down y/y

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  • The survey was of 1,555 people
  • taken June 1-10