Consumers cautious despite rate cuts - Business & Economics ...

The Westpac-Melbourne Institute index of consumer sentiment has been released and shows a rise of only 0.6 per cent in January meaning confidence in the economy is only 3.5 per cent higher than it was in October 2011 (when the RBA began its aggressive interest rate cuts). Consumers wary stance has been captured today in The Australian Financial Review, The Age and The Herald Sun.

The Australian focused on the Australian Stock Exchange?s strong performance in light of the small rise while The West Australian draws a parallel between the recent Boral job cuts and the optimism with which most consumers view the market.

Source: http://benews.unimelb.edu.au/2013/consumers-cautious-despite-rate-cuts/

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