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SYDNEY (Reuters) - A measure of Australian consumer sentiment slid for an eighth straight month to match pandemic lows in July as the surging cost of living and rising interest rates darkened the national mood.
The Westpac-Melbourne Institute index of consumer sentiment released on Tuesday slid 3.0% in July from June, when it dropped 4.5%. The index was down 23% from July last year at 83.8, meaning pessimists far outnumbered optimists.
Westpac chief economist Bill Evans noted sentiment had now...
>>> Read more: Australia consumer sentiment slides further in July amid inflation gloom
The Westpac-Melbourne Institute index of consumer sentiment released on Tuesday slid 3.0% in July from June, when it dropped 4.5%. The index was down 23% from July last year at 83.8, meaning pessimists far outnumbered optimists.
Westpac chief economist Bill Evans noted sentiment had now...
>>> Read more: Australia consumer sentiment slides further in July amid inflation gloom
