Business
Shopper confidence jumps in wake of the federal budget – Sydney Morning Herald
Westpac’s measure of consumer confidence has jumped to its highest level since July 2018, but their survey shows the budget helped more men than women.
Consumer confidence has soared to its highest level in more than two years on the back of the Morrison government’s big spending federal budget.
Westpac’s closely watched measure of consumer sentiment jumped by 11.9 per cent in October, with optimists out-numbering pessimists for the first time since 2018.
Consumer confidence has gone up after the federal budget, but it helped the finances of men rather than women.Credit:The Age
The bank’s chief economist, Bill Evans, said the development was…
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