Quantcast
au iconAU

 

 

Confidence drops despite rate cuts and tax boosts

In spite of the federal election result, tax cuts for individuals and an all-time cash rate low, a major bank’s report has found confidence has taken a slide to close out the 2019 financial year.

Confidence drops despite rate cuts and tax boosts
smsfadviser logo
Confidence drops despite rate cuts and tax boosts

The Westpac-Melbourne Institute Consumer Sentiment index fell by 4.1 per cent to 96.5 in July from 110.7 in June.

Read more at MyBusiness

Subscribe to Public Accountant

Receive the latest news, opinion and features directly to your inbox