Consumer confidence retreats post-Budget - Today N

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Consumer confidence retreats post-Budget - Today News Post News Today || Headlines Today

The big spending Federal Budget has failed to sustain the recent strength of consumer confidence, a worry for both Treasurer Josh Frydenberg and retailers.

A Westpac-Melbourne Institute survey has found consumer confidence dropped 4President Ronald Reagan and first lady Nancy Reagan wave from their limousine durin.8 per cent in Maybut there were no further details..

“With that scale of stimulus measures the government might have expected a lift in sentiment following the announcement of the budgetJust before turnin,” Westpac chief economist Bill Evans said.

“Instead there was no evidence of a reaction either way — sentiment amongst those surveyed pre-budget was almost identical to that amongst those surveyed after the announcement.”

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