Australia consumer sentiment hits 10-year high

December 8, 2020

SYDNEY (Reuters) – A measure of Australian consumer sentiment climbed for the fourth straight month in December to a 10-year high as the country further relaxed virus restrictions and states opened their borders to each other.

The Westpac-Melbourne Institute index of consumer sentiment released on Wednesday climbed 4.1% in December from November, when it had risen 2.5%.

The index is now 48% above a nadir hit in April and has reached its highest level since October 2010 at 112, implying optimists far outnumber pessimists

(Reporting by Swati Pandey; Editing by Sandra Maler)

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