consumer confidence

Consumers are less concerned about the conflict in the Middle East

[SYDNEY] A measure of Australian consumer sentiment fell sharply in September, a survey showed on Tuesday (Sep 8), as fears of higher interest rates and a rebound in fuel prices pressured finances and the economic outlook.

The Conference Board’s gauge of confidence decreased 0.8 points to 89.4

Britons have also become more optimistic about the economy

The increase is due to government stimulus measures and easing oil prices

Household expenditure adjusted for inflation dropped 3.3% in June, compared to a year earlier

Elevated petrol and food prices likely weighed on US households

The country’s economy grew 0.6% in the second quarter

Consumers overall more optimistic about macroeconomic environment but stay cautious on personal finances