Consumer Sentiment Bulletin

The Westpac-Melbourne Institute Consumer Sentiment Index declined to 80.6 in June, reflecting ongoing deep pessimism and intensified financial stress among Australian consumers. Concerns over the cost of living and a sharp drop in house price expectations are significantly weighing on the outlook.

Key Takeaways

• 1.The Westpac-Melbourne Institute Consumer Sentiment Index fell 2.9% to 80.6 in June, reflecting continued deep pessimism among Australian consumers.
• 2.Cost-of-living concerns remain the dominant factor in sentiment, as family finance expectations dropped sharply.
• 3.House price expectations experienced an abrupt cooling, dropping 14.9% to 128.2.

Table of Contents

• Key points
• Consumer sentiment slips as deep pessimism continues
• Corporate Directory
• Disclaimer

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