Australia: Consumer Confidence dipped to 0.6% in April - TDS

Analysts at TDS point out that Australian Consumer Confidence for April dipped 0.6%/m but households still remained optimistic.

Key Quotes

“The headline index stayed above 100 for the 5th month in a row and above the long term average of 101.3. The headline suggests consumption should be growing above 3%/yr, but as we have highlighted previously, sentiment has not tracked retail sales very well.”