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By Ambar Warrick
Investing.com-- Australian consumer sentiment deteriorated in early-February, a private survey showed on Tuesday, as elevated inflation and the prospect of more pressure from interest rate hikes saw consumers turn sour on the economy.
The Westpac-Melbourne Institute Consumer Sentiment index tumbled 6.9% in February to near historic lows, cutting short a mild recovery over the past two months.
The biggest drivers of the fall in sentiment were the bigger-than-expected inflation...
>>> Read more: Australia consumer sentiment worsens sharply in Feb- Westpac
Investing.com-- Australian consumer sentiment deteriorated in early-February, a private survey showed on Tuesday, as elevated inflation and the prospect of more pressure from interest rate hikes saw consumers turn sour on the economy.
The Westpac-Melbourne Institute Consumer Sentiment index tumbled 6.9% in February to near historic lows, cutting short a mild recovery over the past two months.
The biggest drivers of the fall in sentiment were the bigger-than-expected inflation...
>>> Read more: Australia consumer sentiment worsens sharply in Feb- Westpac
