Westpac Economic Update: 22 May 2015

Westpac Senior Economist Elliot Clarke comments on the uplift in consumer sentiment following last week’s Federal Budget and recent interest rate cut; as well as on 2 sets of minutes released – the RBA (concerns around currency) and FOMC (dismissive of Q1 weakness, path to rate normalisation, where growth will come from). Next week sees the partials from Australia’s Q1 GDP made public (and why CapEx data is keenly anticipated), plus Westpac’s MNI China Consumer Sentiment Index.

You can find more weekly economic updates from Bill Evans and his team on the Westpac website. Their forecasts are available every Friday at lunchtime, Sydney time.