Australian Westpac / Melbourne Institute Consumer Confidence for April is +9.4% on the month to a still dismal 85.8
- expected +0.9%, prior 0.0%
- prior was 78.4
Westpac report citing:
- The decision by RBA Board to pause is the key to this resurgence.
- Confidence is now at its highest level since June 2022
- Confidence is still weak – 10.4% below April last year before the tightening cycle.
