Australia Westpac consumer sentiment dropped to 83.7, RBA averted a much bigger fall

Australia Westpac Consumer Sentiment Index dropped -0.9% mom to 83.7 in October. Westpac said the index remains in “deeply pessimistic territory”, at a level comparable to the lows “briefly reached during the pandemic”, and during the Global Financial Crisis. It added RBA’s smaller than expected 25bps rate hike “averted a much bigger fall” in sentiment. […]

The post Australia Westpac consumer sentiment dropped to 83.7, RBA averted a much bigger fall appeared first on Action Forex.