Australia’s Consumer Sentiment Extends Pessimism Into 2024
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Australia’s consumer confidence slipped in January, as households remain anxious about their finances following a series of rapid interest rate hikes.
Sentiment declined 1.3% to 81 points, with pessimists heavily outweighing optimists given a reading of 100 is the dividing line, a Westpac Banking Corp. survey showed Tuesday. The index has held below 100 since February 2022.