Australia’s Westpac–Melbourne Institute Consumer Sentiment Index dropped 3.1 per cent to 95.4 in September, sliding back into pessimism despite gains since mid-2024.
Economic outlook measures weakened sharply, and buying sentiment softened.
Job concerns rose, with unemployment expectations up 4.6 per cent.
Westpac sees the RBA holding at 3.6 per cent in September before more cuts ahead.
Economic outlook measures weakened sharply, and buying sentiment softened.
Job concerns rose, with unemployment expectations up 4.6 per cent.
Westpac sees the RBA holding at 3.6 per cent in September before more cuts ahead.
