This post was written by Tim on December 10, 2008
Woo Ho – is the tide turning in Australia. The lower interest rates and Rudd’s cash injection have definitely had an impact on consumer confidence. As reported in The Age Online today;
“The Westpac/Melbourne Institute consumer sentiment index, rose by 7.5 per cent in December to 92.0 index points, and this follows a 4.3 per cent rise in November.”
While 92.0 indicated more pessimists than optimists, the improvement is great news for retailers in the Christmas/New Year season.
Tim
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