Australian consumer confidence declined notably in September and remained in a 'cautiously pessimistic' territory, survey results from Westpac showed on Tuesday. The Westpac-Melbourne Institute Consumer Sentiment Index declined 3.1 percent to 95.4 in September from 98.5 in August.
The third 25 basis-point interest rate cut from the Reserve Bank of Australia had boosted sentiment in August but it was followed by another partial pull-back. The index remained firmly back in 'cautiously pessimistic' territory overall, Westpac said.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.