Australia: Strong consumer sentiment reading - TDS

Analysts at TDS note that Australia’s consumer sentiment for Mar was 103 from 102.7 in Feb and has now spent the last 4 months above the long-term average.

Key Quotes

“The result is welcome following the weak Jan retail sales print, slowing house prices and reported low growth in wages. At face value the consumer sentiment print suggests consumption growth should run around 3%, but we see downside risks to this number.”