Australian consumer sentiment deteriorated sharply in October, with the Westpac–Melbourne Institute Consumer Sentiment Index falling 4.7% from 84.4 to 80.4. The weakness was especially pronounced after the latest RBA rate hike. Sentiment among the 60% of respondents surveyed before the decision was 86.9, slightly above September’s reading, but collapsed to 67.2 among the 40% surveyed […]
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