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Australia consumer mood stuck in the doldrums in March
- Australian consumer sentiment stayed stuck at historically depressed levels in March amid concerns over inflation and interest rates, a survey showed on Tuesday, with the appetite for buying big-ticket items especially weak. The Westpac-Melbourne Institute index of consumer sentiment was unchanged in March, following a dive of 6.9% the month before. "Index reads below 80 are rare, back-to-back reads even rarer," noted Westpac chief economist Bill Evans.
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