India, April 8 -- Australia consumer sentiment deteriorated to a six-month low in April on escalating tariff war, survey data from Westpac showed Tuesday.
The Westpac-Melbourne Institute Consumer Sentiment Index fell to 90.1 in April from 95.9 in March.
The index is based on five sub-indices, two tracking assessments of family finances, two tracking expectations for the economy and one on whether now is 'a good time to buy a major household item'.
The 'family finances vs a year ago' sub-index registered a sharp 8.5 percent fall to 70.2 in April. Likewise, the 'family finances, next 12 months' sub-index declined 6.2 percent to 101.6. Consumers were less confident about the prospect of further interest rate cuts. The Westpac-Melbourne Inst...