Australia's consumer confidence improved for the second straight month in January to mark its biggest monthly rise since April 2021, as consumers got a temporary boost due to an interval from the Reserve Bank's rate hikes, although the overall economic picture is still gloomy, survey results from Westpac showed on Tuesday.
The Westpac Melbourne Institute Index of Consumer Sentiment rose 5.0 percent to 84.3 in January from 80.3 in December.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.