WBC News: Australian consumer sentiment weakens in August- Westpac - 8th Aug 2023, 6:58am

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Investing.com-- Australian consumer sentiment deteriorated in early-August, a private survey showed on Tuesday, as fears of sticky inflation and worsening economic conditions largely offset optimism over a potential end to the Reserve Bank’s rate hikes.

The Westpac-Melbourne Institute consumer sentiment index fell 0.4% in August, Westpac said in a statement. This was after sentiment saw a mild rebound in July.

The Reserve Bank of Australia’s (RBA) decision to hold interest rates stea...

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