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Australia’s Consumer Confidence Tumbles Further After Rate Hike

Australia’s consumer confidence declined further in October, driven by the Reserve Bank’s interest-rate increase and ongoing pressure from fuel prices, with households reporting growing unease over the jobs outlook.

This article was originally published by Bloomberg Markets and is republished here under license.

Australia’s consumer confidence declined further in October, driven by the Reserve Bank’s interest-rate increase and ongoing pressure from fuel prices, with households reporting growing unease over the jobs outlook.

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