SYDNEY, June 13 (AFP): Australian consumer sentiment fell two per cent in June from record levels as petrol prices surged, according to a monthly survey released today.
The Westpac-Melbourne Institute consumer sentiment index was 121.5 points in June, down from a record 123.9 the previous month.
Westpac chief economist Bill Evans said the dip was not surprising after the index surged 7.5 per cent in May following a federal budget that included generous tax breaks.
Evans said consumers remained optimistic despite the slight fall, pointing out that the index was up 17 per cent year-on-year.
Australian consumer sentiment dips
FE Team | Published: June 14, 2007 00:00:00 | Updated: February 01, 2018 00:00:00
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