Sentiment is Strong … Despite the Economy
Posted on 10. Jul, 2009 by Chris Lang in Economic Issues, Global Scene, Office Markets, Retail Sector, Using Debt
These graphs are painting a very encouraging picture.
As you can see, the Westpac-Melbourne Institute consumer sentiment index increased strongly by 9.5% for June.
And that means it has now leapt by some 23% since May — the largest 2-month increase for over 30 years.
First-home buyers have also been active, accounting for nearly 30% of all loans during May.
And this overall level of confidence follows an increase in retail sales, for three months in a row.
Unemployment may have edged up to closer to 6%; but part-time work has also significantly increased.
This would tend to confirm that most employers can see a rebound the head … do not want to completely let go of their staff … and then, have to quickly re-recruit them again.
And also probably explains why the demand for Office space is holding up well.
derekpm
13. Jul, 2009
Rather interesting. Has few times re-read for this purpose to remember. Thanks for interesting article. Waiting for trackback