Australia's consumer sentiment rose 1.7% in June, reaching 83.6 points on the Westpac-Melbourne Institute Consumer Sentiment Index.
Australia's consumer sentiment rose 1.7% in June, with the Westpac-Melbourne Institute Consumer Sentiment Index reaching 83.6 points. Despite the improvement, pessimists still outnumbered optimists, and the sentiment remained in the negative zone. Consumers expressed concerns about inflation, growth, and interest rate outlook. The RBA discussed the case for raising rates further but decided to stand pat at 4.35%.
June 25, 2024
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