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SYDNEY (Reuters) - A measure of Australian consumer sentiment rose in January for the second straight month, as a break in a painful cycle of interest rate rises likely provided temporary relief for borrowers.
The Westpac-Melbourne Institute index of consumer sentiment released on Tuesday rose 5.0% in January, the largest monthly gain since April 2021 and building on a gain of 3.0% in December. However, the index reading of 84.3 still means pessimists greatly outnumber optimists.
Westpac chief...
>>> Read more: Australia consumer mood brightens for second month in a row
The Westpac-Melbourne Institute index of consumer sentiment released on Tuesday rose 5.0% in January, the largest monthly gain since April 2021 and building on a gain of 3.0% in December. However, the index reading of 84.3 still means pessimists greatly outnumber optimists.
Westpac chief...
>>> Read more: Australia consumer mood brightens for second month in a row
