Australian Consumer Sentiment Hits Four-Year Low in November as Rates Rise

Australian consumer sentiment hits four-year low in November as rates rise

SYDNEY, Nov 10 (Reuters) - A measure of Australian consumer sentiment fell for a third month in November ​to its lowest level in four ‌years, a survey showed on Tuesday, as rising interest rates added to cost-of-living pressures and soured confidence i...

Consumer confidence hits four-year low after fifth rate rise

Australia’s consumer confidence has tumbled deeper into pessimistic territory after the Reserve Bank raised interest rates for a fifth time this year to tackle stubbornly strong inflation.

Australia consumer confidence drops as rate hikes bite

Households and retailers face extra strain after confidence fell 2.7% in November, with mortgage holders hit hardest ahead of Christmas shopping.

Australia Westpac Consumer Sentiment Hits Four-Year Low as Mortgage Holders Sink to Record Pessimism - ActionForex

Australia’s Westpac–Melbourne Institute Consumer Sentiment Index fell 2.7% from 80.4 in October to 78.2 in November, its lowest level since late 2022, as inflation and rising borrowing costs continued to undermine household confidence. The deterioration was driven primarily by a sharp weakening in near-term economic expectations, with the outlook for the next 12 months plunging […]