Mumbai, Dec. 16 -- Australia's consumer confidence weakened sharply in December, with the Westpac-Melbourne Institute Consumer Sentiment Index falling 9.0% month-on-month to 94.5, slipping back below the optimism threshold after a brief improvement in November. The decline was driven by renewed inflation worries and uncertainty over the interest-rate outlook, which weighed on economic expectations, household finances, and spending intentions.
Australia's consumer sentiment weakened sharply in December, with the Westpac-Melbourne Institute Consumer Sentiment Index plunging 9.0% month-on-month to 94.5, slipping back below the 100 optimism mark after briefly turning positive in November. Inflation concerns weighed heavily, with the one-year e...