20% stock market rises have to have some impact on the real world, and that is borne out in the latest Westpac-Melbourne Institute survey on consumer sentiment. The index shows a rise of 8.3% in the April survey compared to the March one:
Consumers’ hopes for the economy have surged, rising for the first time this year, helped by the sharemarket rally and expectations of more cash handouts.
The monthly Westpac-Melbourne Institute survey shows consumer sentiment rose 8.3% to 92.7 points in April from 85.6 points in March, the most since August, when it expanded 9.1%, according to data from Bloomberg.
Source: Bloomberg, in The Age
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