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SYDNEY (Reuters) - Australian consumer sentiment bounced in August as rate fears subsided and the outlook for family finances improved due to the government's tax cuts and other cost-of-living measures, a survey showed on Tuesday.
The Westpac-Melbourne Institute index of consumer sentiment rose 2.8% in August from July, when it fell 1.1%. The index reading of 85 showed pessimists still far outnumbered optimists.
"Consumers breathed a small sigh of relief in August as the RBA Board left interes...
>>> Read more: Australia consumers brighten up as rate fears ease, tax cuts kick in
The Westpac-Melbourne Institute index of consumer sentiment rose 2.8% in August from July, when it fell 1.1%. The index reading of 85 showed pessimists still far outnumbered optimists.
"Consumers breathed a small sigh of relief in August as the RBA Board left interes...
>>> Read more: Australia consumers brighten up as rate fears ease, tax cuts kick in
