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Australia: Consumer sentiment jump to 10 year high in December

Christian Fernsby |
The Westpac-Melbourne Institute consumer sentiment index surged from 107.7 in November to 112.0 in December, marking the highest reading since October 2010.

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Topics: AUSTRALIA   

Therefore, sentiment moved further above the 100-mark, indicating that there were more optimists than pessimists among Australian consumers.

December’s reading came on the back of better perceptions of family finances compared to one year ago; much stronger expectations over the economy in the next 12 months and five years; and falling unemployment expectations.

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