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Westpac Consumer Sentiment declined by 0.7%

Wednesday, Apr 12 2017
Westpac Consumer Sentiment declined by 0.7%

A private indicator of Australian consumer sentiment declined in April, possibly signaling the start of a broader economic cool down. The Westpac-Melbourne Institute survey of consumer sentiment fell 0.7% from March, when it had risen by 0.1%.  That left the index at 99.0, up 4.1 points from the same month last year.

Anything below 100 signals the pessimists outweigh the optimists in their view of the economy. The monthly consumer sentiment index measures household economic expectations, including views on current purchasing trends. Consumer spending accounts for more than half of Australia’s gross domestic product (GDP).

More in this category: « Job openings at 5.7 million in February China's CPI weakend in March »

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