Election result drives confidence: According to the Westpac-Melbourne Institute Index of Consumer Sentiment, the proportion of survey respondents who favoured real estate as a good place to invest savings rose from 24.6 per cent to 27.5 per cent, up 7.7 points since September last year. The index indicates that the general rise in consumer confidence, now at its highest level since 2010, is about the prospects for the economy rather than how households feel about their own finances. Mr Evans from Westpac said this rise was linked with the recent change in government, as responses collected following election day showed a marked lift in sentiment. “I think it is reasonable to conclude that the election result played an important, if not leading, role in this strong boost to consumer sentiment,” he said.
Posted on: Thu, 26 Sep 2013 23:16:08 +0000
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