Australia Westpac Consumer Sentiment Hits Four-Year Low as Mortgage Holders Sink to Record Pessimism

Australia’s Westpac–Melbourne Institute Consumer Sentiment Index fell 2.7% from 80.4 in October to 78.2 in November, its lowest level since late 2022, as inflation and rising borrowing costs continued to undermine household confidence. The deterioration was driven primarily by a sharp weakening in near-term economic expectations, with the outlook for the next 12 months plunging […] The post Australia Westpac Consumer Sentiment Hits Four-Year Low as Mortgage Holders Sink to Record Pessimism appeared first on ActionForex.