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)