Australia consumer sentiment index bounces in June

A measure of Australian consumer confidence bounced in June after two months of sharp falls, as households became less gloomy on the outlook both for their own finances and the economy.

The poll of 1,200 people by the Melbourne Institute and Westpac Bank showed its index of consumer sentiment rose 4.7 per cent in June, recovering somewhat from a 7.0 per cent drop in May.

That left the index 6.9 per cent higher than in June last year at 102.2, meaning optimists now slightly outnumbered pessimists.

via Business feed http://www.scmp.com/business/economy/article/1259007/australia-consumer-sentiment-index-bounces-june