Australia’s Westpac consumer sentiment index is up by 3.5 per cent to 83 in May from 80.1 in April as fuel shock eases.
Despite a small improvement, consumers remain deeply pessimistic, the latest Westpac-Melbourne Institute Consumer Sentiment Bulletin said.
Some of last month’s shock from the spike in fuel prices has eased.
Broader inflationary pressures still look to be dampening sentiment as well.
Despite a small improvement, consumers remain deeply pessimistic, the latest Westpac-Melbourne Institute Consumer Sentiment Bulletin said.
Some of last month’s shock from the spike in fuel prices has eased.
Broader inflationary pressures still look to be dampening sentiment as well.
