Australian consumer confidence decreased by 1.8% in March, with pessimists outweighing optimists.
Australian consumer confidence decreased by 1.8% in March, according to a Westpac Banking Corp. survey, with pessimists outweighing optimists. Concerns about household finances and the economy contributed to the decline. The index remained below 100, reflecting deep pessimism about the economy's near-term outlook. The Reserve Bank of Australia has not ruled out the possibility of further interest rate increases despite the decline in consumer sentiment.
March 26, 2024
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