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SYDNEY (Reuters) - A measure of Australian consumer sentiment bounced from near record lows in December as borrowers sensed a painful cycle of interest rate rises was nearing an end, lifting the outlook for house prices.
The Westpac-Melbourne Institute index of consumer sentiment released on Tuesday rose 3.0% in December, recovering some of November's steep 6.9% slide. The index reading of 80.3 still means pessimists greatly outnumber optimists.
"In the case of interest rates, there are even s...
>>> Read more: Australia consumer mood less bleak on hope for rate hike relief
The Westpac-Melbourne Institute index of consumer sentiment released on Tuesday rose 3.0% in December, recovering some of November's steep 6.9% slide. The index reading of 80.3 still means pessimists greatly outnumber optimists.
"In the case of interest rates, there are even s...
>>> Read more: Australia consumer mood less bleak on hope for rate hike relief