Australian Consumer Confidence Falls for Fourth Successive Month

Australian consumer sentiment fell for a fourth successive month in March as households worried about the economic outlook and their job security, with pessimists now outnumbering optimists, a survey showed.

The index of consumer sentiment, compiled by the Melbourne Institute and Westpac Bank (WBC.AX), fell a seasonally adjusted 0.7 percent in March from February, when it had fallen by 3.0 percent.

The index reading of 99.5 was the lowest since May last year, and it was down 10.0 percent over the past 12 months. The fall below 100 means pessimists now exceed optimists.

Reuters

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