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Surprise fall in Australia's Consumer Sentiment
This is a disappointing result. After holding above 100 in the November–February period the Index has now been below 100 for two consecutive months. A print below 100 means that pessimists outnumber optimists. That had consistently been the case in the March 2014 – October 2015 period when the Index only exceeded the 100 level twice in 20 months. With four consecutive readings above 100 we were hopeful that confidence had moved on to a sustainable higher plain. Today’s result would appear to dash those hopes. It appears that international and market developments continue to create unease for respondents ... (full story)