Australian Consumers Deeply Pessimistic as Finances Squeezed
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ML v2 (DistilBERT)
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Ensemble
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Article Excerpt
Article content (Bloomberg) — Australia’s consumer sentiment slipped into “deeply pessimistic” territory as households struggle with cost of living pressures and concerns emerge over the outlook for the housing market following tax changes. Article content The Consumer Sentiment Index fell 2.9% to 80.6 points in June, Westpac Banking Corp. said in a statement on Tuesday. Australian households report more pressure on finances and are fearful about the year ahead, it said. Article content Article content “The latest monthly index read is back amongst the weakest seen in the 50-year history of th…
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Jun 9, 2026