Negative news impacts consumer sentiment: Westpac

20 January 2016

 

Falling share markets and an oil price which has not translated into lower petrol prices seems to have had an effect on consumer confidence according to the latest consumer sentiment index reading. The Westpac-Melbourne Institute Index of Consumer Sentiment fell to 97.3 in November from the December recording of 100.8. The fall in the index indicates a decrease in the ratio of optimistic consumers to pessimistic consumers and it is...

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