Cliff Notes: Consumers Yet to Feel Relief

Key insights from the week that was. Despite the RBA leaving policy unchanged for a second consecutive month, Westpac-MI Consumer Sentiment fell by 0.4% in August. At 81.0, the headline index suggests extreme pessimism remains firmly entrenched, with confidence at levels only seen during periods of major economic dislocation over the survey’s near fifty-year history. […]

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