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<Econ> Australia May Westpac Consumer Sentiment Index Rises 3.5% MoM to 83
Westpac Banking Corp and the Melbourne Institute jointly announced that, as the impact of fuel costs eased, Australias Westpac Consumer Sentiment Index rose to 83 in May from the ...
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<Econ> Australia May Westpac Consumer Sentiment Index Rises 3.5% MoM to 83
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Westpac Banking Corp and the Melbourne Institute jointly announced that, as the impact of fuel costs eased, Australias Westpac Consumer Sentiment Index rose to 83 in May from the previous reading of 80.1, up 3.5% MoM.

During the period, surveyed consumers reported an improvement in their assessment of personal finances, but confidence in the broader economy weakened further. Concerns about unemployment remained elevated, though they showed some improvement. Sentiment among prospective homebuyers fell sharply to deeply pessimistic levels. Expectations for home prices remained positive but moderated. Sentiment among younger and older consumers diverged further. (da/u)

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