Australia's consumer sentiment declined sharply in February to near historic lows seen last year due to the cost of living pressures and interest rate hikes, survey results from Westpac showed on Tuesday.
The Westpac-Melbourne Institute consumer sentiment index fell 6.9 percent to 78.5 in February from 84.3 in January.
There were notable deterioration in views on family finances, the near-term outlook for the economy and whether now is a good time to buy a major household item.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.