Reported about 17 hours ago
Australia's consumer sentiment saw a notable increase in March, rising 4% to 95.9 points, the highest in three years, due to eased inflation pressures and the Reserve Bank's first interest rate cut in four years. Although optimism is improving, pessimists still outnumber optimists. The labor market remains resilient, with unemployment at a low of 4.1%, but concerns persist about international developments and future rate cuts from the RBA, which will depend on ongoing economic data.
Source: YAHOO