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SYDNEY (Reuters) - A measure of Australian consumer sentiment slid for a seventh straight month to match pandemic lows in June amid an outsized rise in interest rates and surging inflation.
The Westpac-Melbourne Institute index of consumer sentiment released on Wednesday slumped 4.5% in June from May, when it dropped 5.6%. The index was down 19.5% from June last year at 86.4, meaning pessimists far outnumbered optimists.
A separate weekly survey from ANZ showed a steep drop of 7.6% in its conf...
>>> Read more: Australian consumers in a dark mood as inflation, rates bite
The Westpac-Melbourne Institute index of consumer sentiment released on Wednesday slumped 4.5% in June from May, when it dropped 5.6%. The index was down 19.5% from June last year at 86.4, meaning pessimists far outnumbered optimists.
A separate weekly survey from ANZ showed a steep drop of 7.6% in its conf...
>>> Read more: Australian consumers in a dark mood as inflation, rates bite
