KONTAN.CO.ID - SYDNEY. A measure of Australian consumer sentiment slipped in January as a surge in coronavirus cases filled up hospitals and soured the national mood, curbing spending and mobility in what is typically a holiday-heavy month. The Westpac-Melbourne Institute index of consumer sentiment released on Wednesday dropped 2.0% in January, after falling 1.0% in December. The index reading was down 4.5% from January last year but still at 102.2, meaning optimists still slightly outnumbered pessimists.
Australia Consumer Sentiment Slips in January as Omicron Spreads
KONTAN.CO.ID - SYDNEY. A measure of Australian consumer sentiment slipped in January as a surge in coronavirus cases filled up hospitals and soured the national mood, curbing spending and mobility in what is typically a holiday-heavy month. The Westpac-Melbourne Institute index of consumer sentiment released on Wednesday dropped 2.0% in January, after falling 1.0% in December. The index reading was down 4.5% from January last year but still at 102.2, meaning optimists still slightly outnumbered pessimists.