More proof budget went down well: Hockey
AAP
Treasurer Joe Hockey believes business confidence will follow the growing spirits of consumers after his second budget.
The Westpac-Melbourne Institute monthly consumer confidence index released on Wednesday surged 6.4 per cent in May following last week's budget and an earlier interest rate cut by the Reserve Bank .
"They are another indicator that the budget has gone down well ... and increasingly, business confidence is going to filter through to a stronger economy," Mr Hockey told reporters in Darwin on Wednesday.
Share a tip-off, video or photo with us
Most viewed in Australia
Australian woman who died after falling from cliff near Bali was Queensland ecologist
PM ‘stunned’ over Pauline Hanson’s attack on his late mother
Six years ago, Australia had a $38 billion early super experiment. It didn’t go to plan
Tony Abbott’s ex-chief of staff says she wanted Julia Gillard to succeed
