India, July 15 -- Australia's consumer confidence improved in July despite an unexpected move by the central bank to leave the interest rates on hold, survey data from Westpac showed on Tuesday.
The Westpac-Melbourne Institute Consumer Sentiment Index rose 0.6 percent to 93.1 in July from 92.6 in June.
Westpac Head of Australian Macro-Forecasting Matthew Hassan said those surveyed before the announcement of central bank's decision reported an index read of 95.6 while those surveyed after reported an index read of 92.
Among five sub-indices of the consumer confidence index, two track assessments of family finances, two track expectations for the economy and one on whether consumers see now as a good time to buy a major household item. Thr...