Commercial Market Focus – November 2017

The Westpac-Melbourne Institute Consumer Sentiment Index rose by 3.6% in October to 101.4 and moved into optimistic territory. The gap between consumer and business sentiment continues to narrow with a pullback in the AiG PMI reported for October down 3.1 points to 51.1 but still in positive territory above 50 as do the two other AiG indices. Improved employment is also a positive but retail remains very weak. The W-MI Leading Index also fell last month from -0.16% to -0.21% in September.

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