Reported 4 months ago
Consumer sentiment in Australia showed a partial recovery in May as the initial impact of U.S. tariffs diminished, aided by a recent truce with China. According to a Westpac-Melbourne Institute survey, the consumer sentiment index rose by 2.2% in May, recovering from a sharp decline in April. The index remains 12% higher than last year, though pessimists still outnumber optimists. Sentiment among Labor voters increased significantly after their election victory, while confidence among Liberal National supporters dropped slightly. Overall, people's optimism about their finances and willingness to purchase big-ticket items improved.
Source: YAHOO