Monthly Economic Indicators - May 2011 - City of Greater Geelong

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Consumer Sentiment Index – May 2011 The Westpac-Melbourne Institute Index of Consumer Sentiment fell 1.3% in May from 105.3 in April to 103.9 in May. (An Index over 100 indicates that optimists outweigh pessimists) Westpac chief economist Bill Evans said “the survey was conducted after the release of the government's 2010-11 budget and the Reserve Bank of Australia's 25 basis point rate hike at the start of the month. The survey found 27 per cent of consumers thought the budget would adversely affect their finances, with just 11 per cent saying there would be some improvement,” Mr Evans said. Source: Westpac Banking Corporation – Westpac Melbourne Institute Consumer Sentiment Index. Business Confidence – April 2011 Business confidence eased in April to +7 points, a drop of 2 points compared to March 2011 (+9). (An Index above zero indicates that optimists outweigh pessimists) Confidence fell significantly in manufacturing and mining (consistent with declines in conditions), but strengthened in transport & utilities and construction. Confidence was strongest in finance/business/property (+19) and transport & utilities (+16), while manufacturing was the only sector to report negative confidence levels (-5). Source: National Australia Bank Monthly Survey and Economic Outlook. KEY ECONOMIC INDICATORS MAY 2011 – ECONOMIC DEVELOPMENT – CITY OF GREATER GEELONG
The information presented in this publication is given in good faith and has been derived from sources believed to be reliable and accurate. However, neither the City of Greater Geelong nor any persons involved in the preparation of this publication accept any form of liability whatsoever for its contents, including opinions, advice, information or any consequences arising from its use. WWW.GEELONGAUSTRALIA.COM.AU Prepared By: ECONOMIC DEVELOPMENT - CITY OF GREATER GEELONG 2ND FLOOR, 131 MYERS STREET PO BOX 104 GEELONG 3220 AUSTRALIA TELEPHONE +61 3 5272 4888 FACSIMILE +61 3 5272 4855 EMAIL: ecoinfo@geelongcity.vic.gov.au
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Page 5 and 6: Non-Domestic Building Activity - Ci
Page 7: New ABN Registrations - City of Gre

Monthly Economic Indicators - May 2011 - City of Greater Geelong

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