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Westpac Banking Corporation (WEBNF)

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17.02+0.36 (+2.19%)
At close: 12:24PM EDT
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  • Reuters

    Australia consumer mood darkens anew in March - survey

    Australian consumer sentiment eased from 20-month highs in March as worries about the economic outlook and family finances returned to darken the mood, a survey showed on Tuesday. The Westpac-Melbourne Institute index of consumer sentiment slipped 1.8% in March, from February when it jumped 6.2%. "Last month we saw some promising signs that the consumer gloom that has dominated over the last two years might finally be starting to lift," said Matthew Hassan, a senior economist at Westpac.