Australia Consumer Confidence Rebounds In January
Consumer confidence in Australia bounced back in January, the latest sentiment index from Westpac Bank showed on Wednesday - rising a seasonally adjusted 2.4 percent to a score of 93.2. That follows the 5.7 percent plunge to 91.1 in December. The six-month index average remains at its lowest level since July 2009. In the release, the bank noted that the better than expected December employment numbers gave the index a boost, while declining oil prices also were a factor. That said, the bank still expects a rate cut from the Reserve Bank of Australia next month.
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