Australian Consumer Sentiment Falls 2.7% to 78.2 in November
The Westpac-Melbourne Institute index dropped 2.7% to 78.2, while more than 70% of consumers expected further rate increases.
Australian consumer confidence remains near record lows after the Reserve Bank of Australia raised interest rates five times this year. The Westpac-Melbourne Institute consumer sentiment index dropped 2.7% to 78.2 in November, with over 70% of consumers expecting further interest-rate increases. Al…