Antipodean Macro

Antipodean Macro

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ONLY CHARTS #500

Aus consumer sentiment, Aus NAB business survey, NZ activity & Truckometer, NZ mortgage rates , Queensland cigarette spending

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Antipodean Macro
Feb 10, 2026
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1. Consumer sentiment declined again in February and remained below average. This is not surprising given the RBA increased the cash rate on 3 February.

The weekly ANZ-Roy Morgan measure remains much weaker than the monthly WMI series.

2. Aussie households’ perceptions of their own finances compared with a year ago also fell in February and remained below average.

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