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1.Market Observations, 8.Was Sticky

9 Oct 2019 (TheAge) – Government pressured to bring forward spending after consumer confidence dives

(9 October 2019, The Age, p5, By Shane Wright)

‘The Morrison government is facing growing pressure to bring forward infrastructure spending to boost the economy with consumer confidence falling to its lowest level in four years despite tax and interest rate cuts. Ahead of a meeting on Friday of the nation’s treasurers, at which states will press Canberra to look at fast-tracking cash into infrastructure maintenance and already identified projects, Westpac’s measure of consumer sentiment showed a 5.5 per cent fall through October.’

Read more at TheAge.com.au

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