(Bloomberg) -- Australia’s consumer confidence dipped in September due to rising concern about the economic outlook and employment prospects with interest...
-- Australia ’s consumer confidence dipped in September due to rising concern about the economic outlook and employment prospects with interest rates at a 12-year-high and expected to remain there for the remainder of the year.Sentiment fell 0.5% from the prior month to 84.6 points, with pessimists heavily outweighing optimists given a reading of 100 is the dividing line, a Westpac Banking Corp. survey showed Tuesday. The index has held below 100 since March 2022.
Today’s report showed the unemployment expectations sub-index rose 3.7% to 138.4 in September, up 11% since April. The family finances, next 12 months sub-index ticked up 0.2% to 97.0, suggesting that most consumers expect the cost-of-living crisis to be largely resolved by this time next year Cancer gave Catherine, Princess of Wales, a 'new perspective on everything.' The mental health impact of the disease is profound, psychologists say.
Westpac Banking Corp. Interest Rates Matthew Hassan Family Finances Economic Outlook Consumer Confidence Australia Employment Prospects
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Longer-term consumer travel trends are 'healthy': Expedia CEOMany consumer brands have seen a slowdown in consumer spending as inflation remains high, but how is the travel sector faring under instances of consumer...
Read more »
Seller’s market for advisor books of business persists as many still put off retirementThe sluggish exit of aging advisors adds to the current market favouring sellers
Read more »
‘No plan B’: Railways halt more cargo ahead of potential lockout as deadlock persistsMONTREAL — The country's two main freight railways are turning away a growing number of goods ahead of a potential work stoppage next week that could disrupt supply chains and industry. Canadian National Railway Co.
Read more »
Deadly violence persists in Gaza despite mediators' hopes for a truceAs mediators expressed optimism for an imminent ceasefire deal, violence raged on Saturday in the Gaza Strip, where an Israeli airstrike killed at least 18 people, all from the same family.
Read more »
Australian Hiring Strength Persists, While Unemployment Edges Up(Bloomberg) -- Australia’s hiring spree extended in July while a swelling of the labor force pushed the jobless rate slightly higher, underscoring the...
Read more »
U.S. economy faces mounting challenges as debt levels rise and inflation persists, warns Daniel LacalleThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »