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SYDNEY (Reuters) - Australian consumer sentiment rebounded modestly in June as the promise of imminent tax cuts lightened the mood, a survey showed on Tuesday, though the risk of yet higher borrowing costs loomed in the background.
The Westpac-Melbourne Institute index of consumer sentiment rose 1.7% in June from May, when it dipped 0.3%. The index reading of 83.6 showed pessimists still outnumbered optimists, much as it has for months now.
News of more cost-of-living aid from state government...
>>> Read more: Australia consumers balance budget relief against rate risks
The Westpac-Melbourne Institute index of consumer sentiment rose 1.7% in June from May, when it dipped 0.3%. The index reading of 83.6 showed pessimists still outnumbered optimists, much as it has for months now.
News of more cost-of-living aid from state government...
>>> Read more: Australia consumers balance budget relief against rate risks
