Reported 1 day ago
A significant increase in Australian consumer sentiment was observed in August, thanks to the third interest rate cut this year. A Westpac-Melbourne Institute survey reported a rise of 5.7% in consumer sentiment, reaching 98.5, the highest since early 2022. While pessimists still slightly outnumber optimists, the positive outlook for finances and the economy, bolstered by expectations of lower mortgage rates, reflects a broader boost in confidence across various economic measures.
Source: YAHOO