SYDNEY, May 11 (Reuters) - A measure of Australian consumer sentiment jumped in May, reversing falls in the last two months as households expect economic conditions to improve over the next 12 months following the latest cut in interest rates.
The survey of 1,200 people by the Melbourne Institute and Westpac Bank WBC.AX showed its index of consumer sentiment climbed 8.5 percent in May, from April.
That left the index 0.8 percent higher on May last year at 103.2, meaning optimists outnumbered pessimists. The index was at its highest since January 2014.