Westpac Banking Corporation's consumer sentiment index for Australia shows the largest monthly increase since September 2011

Market news

11 February 2015

Westpac Banking Corporation's consumer sentiment index for Australia shows the largest monthly increase since September 2011

The Melbourne Institute and Westpac Bank released its consumer sentiment index for Australia on late Tuesday. The consumer sentiment index for Australia increased 8.0% in February, after a 2.4% rise in January. That was the largest monthly increase since September 2011.

The increase was driven by interest rate cut by the Reserve Bank of Australia and falling fuel prices.

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