FXStreet (Bali) – Australia’s Westpac consumer confidence for September slumped by -5.6% to 93.9 MoM vs +7.8% last.
Bill Evans, Chief Economist at Westpac, attributed the decline in the confidence indicator to “deluge of disturbing news around violent gyrations in both Australian and overseas equity markets, poor economic data from China, a disappointing report on Australia’s growth rate and weakness in the Australian dollar.”
(Market News Provided by FXstreet)