Australia consumer confidence hit by global gloom: poll
Sydney
A MEASURE of Australian consumer sentiment fell for a second straight month in July with households seemingly spooked by gloomy media coverage of events in China and Greece, underlying how volatile the mood has become.
The survey of 1,200 people by the Melbourne Institute and Westpac Bank showed its index of consumer sentiment fell a seasonally adjusted 3.2 per cent in July, from June.
The index reading of 92.2 was 2.8 per cent lower than in June 2014 and the weakest since December.
The drop has more than wiped out the May bounce that followed a cut in interest rates to record lows and a government budget that included a surprise tax break for small bu…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Ecuador president declares state of emergency over energy crisis
US Senate has agreement on Fisa reauthorisation, will vote on Friday night, Schumer says
US expects to finalise new Aukus trade exemptions in next 120 days
IMF concerned about debt, fiscal challenges facing low-income countries
Bank of Japan’s Ueda says ‘very likely’ to hike rates if inflation keeps rising
Colombian fund managers eye US$750 million fee bonanza after senators tweak pension bill