Due to COVID-19 Second Wave; Consumer Sentiment Plunges Once Again

  • Jul 15, 2020 AEST
  • Team Kalkine

The Westpac consumer sentiment index dropped by 6.1% to 87.9 in July from 93.7 in June.

The drop in confidence blows all of the impressive gains during last month, bringing the Index back to the low levels witnessed in May but still leaving it 16% above from extreme low of 75 in April.

The hit to sentiment over family finances was far milder. The ‘finances, next 12mths’ sub-index tumbled by 6.7%, consistent with the more challenging path in the future.

 

 


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