WBC News: Australian Consumer Sentiment Worsens in October- Westpac - 11th Oct 2022, 6:55am

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By Ambar Warrick

Investing.com-- Australian consumer sentiment worsened in early-October, a survey showed on Tuesday, as an increased cost of living, laggard wage growth and rising interest rates dented the country’s economic outlook.

The Westpac Melbourne Institute Index of Consumer Sentiment fell 0.9% to 83.7 in October from 84.4 in September, where it had seen a mild improvement, Westpac said in a statement.

The index, which is compiled through a survey of 1200 respondents, is current...

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