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July had seen Australia’s consumer sentiment declining. This was mainly from the reimplementation of coronavirus-related lockdowns in the country’s second-largest city, completely dragging consumers’ confidence after two months of gain.
The Westpac-Melbourne Institute index of consumer sentiment dropped a total of 6.1% in July. This followed after the index recorded a 6.3% increase in June. In addition to this, April witnessed the index hitting its lowest level as lockdowns gripped the land down under. However, it managed to recover in May after restrictions were lifted.
The said decline left the index down 8.9% in the same period last year at 87.9. This weak reading suggests that pessimist consumers outnumbered optimists by some margin. Moreover, Victoria’s sentiment index fell 10.4% in July from June. But excluding Victoria’s tally, the rest of the country dropped milder with a 4.5% decline
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
Australia had seen its employment rate dropping 1.1% between mid-June and mid-July, weekly data showed on Tuesday. In addition to this, the southeastern state of Victoria recorded the sharpest plunge in employment as the state suffers from ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
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