Consumer confidence in Australia was down in March, the latest survey from Westpac Bank and the Melbourne Institute revealed on Wednesday.
The index dropped 2.2 percent to a score of 99.1 – slipping below the 100-point level that separates optimism from pessimism.
The index had jumped 4.2 percent in February to a score of 101.3.
“The index is back to around its average reading over the last six months,” Westpac said in a statement accompanying the data.
The material has been provided by InstaForex Company – www.instaforex.com