Australian consumer confidence increased for the third straight month in November 2020.
The number is at a seven-year high as consumers seem to be more optimistic about Australia’s economy as the global pandemic is getting under control there. According to the Westpac-Melbourne Institute index, customer sentiment had risen 11.9 percent in October and increased another 2.5 percent in November.
The index has spiked 11 percent over one year ago, and now the optimists are outweighing the pessimists. If you are considering relocating to Australia for work, contact the Australia Immigration Agency. Their team is dedicated to helping you and your family achieve your goal of living in Australia.
A Westpac chief economist said the most decisive development over the past month had been not only the removal of restrictions across Victoria but the reopening of the border. The confidence in Victoria surged almost ten percent after the restrictions eased. The sub-index outlook for the economy over the next year increased 8.4 percent from October to November.
The sub-index outlook for the economy over the next year increased
Over the Christmas season, consumers who felt it was a good time to purchase a major household item rose 6.7 percent, and the time to buy a house increased eight percent. Australia is a land of opportunity for you and your family. The Australia Immigration Agency provides personalized visa and immigration services. They will make sure your application is properly prepared and correctly filed. Their team of professionals will make sure nothing is missed, documentation is complete, and applications are filed on time.