Australian Consumers Remain Gloomy as RBA’s Hauser Due to Speak

Australia’s consumer confidence remained in pessimistic territory in March, with Reserve Bank Deputy Governor Andrew Hauser set to speak as concerns mount over the inflationary impact of the ongoing war in the Middle East.

Sentiment edged up 1.2% to 91.6 points, a Westpac Banking Corp. survey showed Tuesday, indicating pessimists persisted in outweighing optimists with the dividing line standing at 100.