Reserve Bank interest-rate increases and ongoing fuel price pressures drove the latest slump. Households also reported increasing anxiety regarding the stability of the jobs market, adding to the general sense of economic uncertainty among consumers.
Wednesday, October 21, 2026
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Australia Consumer Confidence Falls 4.7% for Second Month to 80.4
Global Markets15 days ago
Higher borrowing costs and expensive petrol are weighing on the financial outlook for residents in Australia. The Westpac-MI consumer confidence index fell 4.7% to 80.4 in October, marking the second consecutive monthly drop after a previous decline of 5.2% in September.
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