The index of consumer confidence in Australia fell in September to 5.0%, according to a Westpac regular study. This decrease is almost completely eliminated the increase that occurred the previous month (5.4%), but still could not encroach on the 11-percent surge in the indicator in July. Nevertheless, the reduction gives a sign to be careful in future actions of officials to tighten monetary policy. After all, the current decline occurred when the key rate ceased to rise, while employment continued to grow. It is widely exaggerated issue with the sharp slowdown in the global economy in the second half and even estimated the probability of re-recession in the near future. For export-oriented Australian all this is very important because it allows to determine the direction of further development.
Consumer banks are likely to continue raising rates, which is reflected in this most sensitive sectors: automotive and construction, which were published later. They decline the annual growth rate of new car sales up 10,5% from 11,6%. This monthly increase was 0.3% in August, not having played in the fall of 2,6% in July. Dynamics of growth in the number of started construction in the second quarter was four times lower than expected. For the quarter, started the construction began on 0,8% more, while the expected increase of 3,8%. Ossie sold, despite the intervention of the Bank of Japan and the updated historical maximum for gold.
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