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SYDNEY (Reuters) - Australian consumer sentiment rebounded to a 20-month high in February as a slowdown in inflation fuelled hopes interest rates had finally peaked and boosted spending intentions, a survey showed on Tuesday.
The Westpac-Melbourne Institute index of consumer sentiment jumped 6.2% in February, from January when it fell 1.3%. The index reading of 86.0 showed pessimists still outnumbered optimists, much as it has for the past year or more.
Political partisanship was a notable fea...
>>> Read more: Australia consumer confidence jumps to 20-month high in Feb
The Westpac-Melbourne Institute index of consumer sentiment jumped 6.2% in February, from January when it fell 1.3%. The index reading of 86.0 showed pessimists still outnumbered optimists, much as it has for the past year or more.
Political partisanship was a notable fea...
>>> Read more: Australia consumer confidence jumps to 20-month high in Feb
