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Bloomberg
3 days ago
- Business
- Bloomberg
Australia's Consumer Sentiment Edges Up in ‘Cautious Pessimism'
Australia's consumer confidence edged up in June as the conflicting forces of lower interest rates and cool inflation ran up against slow growth and ongoing trade upheavals to place households in a holding pattern. Sentiment advanced 0.5% to 92.6 points, a Westpac Banking Corp. survey showed Tuesday. While better, the result still means pessimists outweigh optimists with the dividing line at 100.
Bloomberg
13-05-2025
- Business
- Bloomberg
Australian Consumer Sentiment Edges Up as RBA Seen Cutting Rates
Australia's consumer confidence rebounded in May following Prime Minister Anthony Albanese's landslide election victory and as households increasingly expect an interest rate-cut next week. Sentiment rose 2.2% to 92.1 points, recovering about one-third of the prior month's tariff-related drop, a Westpac Banking Corp. survey showed Tuesday. While improving, the result still means pessimists outweigh optimists with the dividing line at 100.
