Australia's consumer confidence remained unchanged near historical lows in March as rising interest rates continue to dampen households' near-term financial and economic expectations, survey data from Westpac showed on Tuesday.
The consumer confidence index held steady at 78.5 in March. This marks the second consecutive month of extremely weak consumer sentiment.
Of the total nine sub-indices, five declined and other four improved from February. The 'time to buy a major household item' sub-index fell 4 percent to 74.9 in March. At the same time, the 'family finances vs a year ago' sub-index rose 2.2 percent. Meanwhile, the 'family finances, next 12 months' indicator registered a 1.8 percent fall.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.