WBC News: Australian consumer sentiment near record lows in June - Westpac - 13th Jun 2023, 7:17am

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Investing.com -- Australia’s consumer sentiment improved slightly in early-June, a private survey showed on Tuesday, but remained close to record lows amid pressure from rising interest rates and inflation.

A big jump in the minimum wage over the past month somewhat helped improve sentiment after it tumbled to COVID-era lows in May.

The Westpac Consumer Sentiment index rose 0.2% in June, slightly better than expectations for the index remaining unchanged after a 7.9% tumble in May. Westpa...

>>> Read more: Australian consumer sentiment near record lows in June - Westpac
 
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