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By Ambar Warrick
Investing.com-- A gauge of Australian consumer sentiment stayed negative for a ninth consecutive month in August as rising inflation and interest rates, coupled with a dour outlook on living costs dented sentiment towards the economy.
A survey conducted by Westpac Banking Corp (ASX:WBC) showed its consumer sentiment index fell 3% in August to lows last seen during the COVID pandemic in 2020. Inflation appears to be the biggest contributor to this downtrend.
The reading comes ...
>>> Read more: Australian Consumer Sentiment Plummets Amid Surging Inflation
Investing.com-- A gauge of Australian consumer sentiment stayed negative for a ninth consecutive month in August as rising inflation and interest rates, coupled with a dour outlook on living costs dented sentiment towards the economy.
A survey conducted by Westpac Banking Corp (ASX:WBC) showed its consumer sentiment index fell 3% in August to lows last seen during the COVID pandemic in 2020. Inflation appears to be the biggest contributor to this downtrend.
The reading comes ...
>>> Read more: Australian Consumer Sentiment Plummets Amid Surging Inflation
