2024 Australia's Westpac Consumer Confidence Index fell to 84.6 due to economic pessimism and job concerns.

In September 2024, Australia's Westpac Consumer Confidence Index fell to 84.6, reflecting ongoing pessimism about the economy and job security, despite easing cost-of-living pressures. Consumer sentiment has declined for over two years, with concerns over economic growth evident in weak GDP performance. While tax cuts may boost spending, the Reserve Bank of Australia maintains a cautious approach on interest rates amid persistent inflation.

September 10, 2024
16 Articles