Australian Consumer Confidence Is Higher For The First Time In Five Months

Getty/Hulton Archive

The Westpac Melbourne Institute Index of Consumer Sentiment increased by 0.3% in April from 99.5 in March to 99.7 in April.

It’s a modest gain, but it suggests sentiment has stabilised after a run of bad data.

The index, compiled from a survey of 1,2000 people, fell 0.7% in March.

More to come …

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