WBC News: Australia consumer sentiment worsens in September- Westpac - 12th Sep 2023, 7:00am

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Investing.com-- Australian consumer sentiment deteriorated further in early-September, a private survey showed on Tuesday, as dwindling household savings, sticky inflation, and high interest rates largely outweighed a less hawkish outlook for the RBA.

The Westpac-Melbourne Institute Index of Consumer Sentiment dropped 1.5% to 79.7 in September, remaining close to its worst level since the 2020 COVID-19 pandemic. The reading was driven by persistent pessimism among consumers, especially over ris...

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