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Investing.com-- Australian consumer sentiment marked its sharpest drop in nearly three years in early-May, a private survey showed on Tuesday, dented chiefly by a surprise interest rate hike by the Reserve Bank, which pointed to increased cost of living pressures.
The Westpac-Melbourne Institute Consumer Sentiment index slid 7.9% in the first two weeks of May, falling much more than expectations for a drop of 1.7%. The decline, which was the indexâs biggest drop since August 2020, also lar...
>>> Read more: Australian consumer sentiment worsens in May after RBA hike- Westpac
The Westpac-Melbourne Institute Consumer Sentiment index slid 7.9% in the first two weeks of May, falling much more than expectations for a drop of 1.7%. The decline, which was the indexâs biggest drop since August 2020, also lar...
>>> Read more: Australian consumer sentiment worsens in May after RBA hike- Westpac
