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By Ambar Warrick
Investing.com--
Australian consumers grew more grim over the economy in early-November, a Westpac survey showed on Tuesday, as rising inflation, high interest rates and laggard wage growth greatly weighed on spending power in the country.
The Westpac Melbourne Institute Consumer Sentiment Index fell 6.9% this month, far more than last monthâs decline of 0.9%. The reading was its worst drop in over two years, and also saw the index slump to historical lows of 78.0.
The r...
>>> Read more: Australian Consumer Sentiment Hits 2-Year Low in November- Westpac
Investing.com--
Australian consumers grew more grim over the economy in early-November, a Westpac survey showed on Tuesday, as rising inflation, high interest rates and laggard wage growth greatly weighed on spending power in the country.
The Westpac Melbourne Institute Consumer Sentiment Index fell 6.9% this month, far more than last monthâs decline of 0.9%. The reading was its worst drop in over two years, and also saw the index slump to historical lows of 78.0.
The r...
>>> Read more: Australian Consumer Sentiment Hits 2-Year Low in November- Westpac
