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Forex Flash: Australia consumer sentiment disappointing in January – TD Securities

By FXstreet.com,  January 16, 2013, 03:55:00 AM EDT

FXstreet.com (Barcelona) - The Westpac/MI consumer sentiment index rose a timid 0.6% in January, from 100.0 to 100.6, which was considered as quite disappointing "in view of the much improved global economic outlook and the solid rally in equity markets to date", according to TD Securities analysts. "We note that the survey does not capture the monthly jobs report and the RBA does not meet in January", wrote analyst Alvin Pontoh, adding that purchasing intentions were solid but expectations about the economic outlook remained downbeat. Car sales increased 2.2% in December (MoM), totalling an annualized +17.9% rise.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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