Australia consumer sentiment worsens in May- Westpac

Investing.com05-21

Investing.com-- Australian consumer sentiment deteriorated further in May, a private survey showed on Tuesday, as persistent concerns over sticky inflation and high for longer rates sparked little ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2437375458?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-05-21 04:53","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2437375458","market":"us","top_or_hot":-1,"title":"Australia consumer sentiment worsens in May- Westpac","media":"Investing.com","content":"<div>\n<p>Investing.com-- Australian consumer sentiment deteriorated further in May, a private survey showed on Tuesday, as persistent concerns over sticky inflation and high for longer rates sparked little ...</p>\n\n<a href=\"https://finance.yahoo.com/news/australia-consumer-sentiment-worsens-may-205319983.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance_au","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Australia consumer sentiment worsens in May- Westpac</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAustralia consumer sentiment worsens in May- Westpac\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-21 04:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/australia-consumer-sentiment-worsens-may-205319983.html><strong>Investing.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investing.com-- Australian consumer sentiment deteriorated further in May, a private survey showed on Tuesday, as persistent concerns over sticky inflation and high for longer rates sparked little ...</p>\n\n<a href=\"https://finance.yahoo.com/news/australia-consumer-sentiment-worsens-may-205319983.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7511","symbol_name":"ESG概念","start_time":0,"source_url":"https://finance.yahoo.com/news/australia-consumer-sentiment-worsens-may-205319983.html","article_id":"2437375458","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2437375458","pubTimestamp":1716238399,"sourceInfo":{"source_id":"yahoofinance_au","name":"Yahoo Finance AU"},"weMediaInfo":null,"summary":"Investing.com-- Australian consumer sentiment deteriorated further in May, a private survey showed on Tuesday, as persistent concerns over sticky inflation and high for longer rates sparked little optimism over the economy.The Westpac-Melbourne Institute consumer sentiment index fell 0.3% to 82.2 in early-May, extending declines after sliding 2.4% in April.The index was close to record lows seen during the 2020 COVID pandemic, as a rising cost of living kept consumers largely pessimistic about the economy.Signs of sticky inflation also sparked fears of more increases in interest rates, although recent comments from the Reserve Bank of Australia suggested that such a scenario was unlikely.“...there has been no let-up in the weak consumer environment; and that, given the weak starting point and a very cautious mindset, consumers are more likely to use funds from fiscal measures to repair their finances than go on a spending spree that could undermine the RBA’s efforts to bring inflation ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7511":"ESG概念","WBCPM.AU":"WESTPAC BANKING CORP","WBCPI.AU":"WESTPAC BANKING","XAO.AU":"标普/澳交所 普通股指数","WBC.AU":"WESTPAC BANKING CORPORATION","XKO.AU":"标普/澳交所 300指数","XJO.AU":"标普/澳交所 200指数","BK7135":"综合性银行","WBCPL.AU":"WESTPAC BANKING CORP"},"translate_title":"澳大利亚5月消费者信心恶化——西太平洋银行","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WBC.AU":1,"XAO.AU":1,"XJO.AU":1,"XKO.AU":1,"WBCPI.AU":0.9,"WBCPL.AU":0.9,"WBCPM.AU":0.9},"content_text":"Investing.com-- Australian consumer sentiment deteriorated further in May, a private survey showed on Tuesday, as persistent concerns over sticky inflation and high for longer rates sparked little optimism over the economy. \nThe Westpac-Melbourne Institute consumer sentiment index fell 0.3% to 82.2 in early-May, extending declines after sliding 2.4% in April.\nThe index was close to record lows seen during the 2020 COVID pandemic, as a rising cost of living kept consumers largely pessimistic about the economy.\nSigns of sticky inflation also sparked fears of more increases in interest rates, although recent comments from the Reserve Bank of Australia suggested that such a scenario was unlikely.\nBut the RBA is expected to keep rates high for longer in the face of sticky inflation, which unexpectedly picked up in the first quarter.  Still, cooling consumer sentiment- which heralds limited spending- ties into the RBA’s expectations of cooling inflation in the coming months.\n“...there has been no let-up in the weak consumer environment; and that, given the weak starting point and a very cautious mindset, consumers are more likely to use funds from fiscal measures to repair their finances than go on a spending spree that could  undermine the RBA’s efforts to bring inflation back to target,” Westpac analysts wrote in a note. \nConsumers had a largely positive response to the 2024 budget, the Westpac survey showed. Planned tax cuts by the government were also relatively well received. \nThe jobs market also remained among the few points of optimism, although sluggish wages kept this trend limited. \nBut any cheer was largely offset by fears that economic conditions will deteriorate rapidly in the near-term, which was the key driver of a downturn in sentiment through the month. \nRelated Articles\nAustralia consumer sentiment worsens in May- Westpac\nSlump in China's home prices, sales set to worsen this year: Reuters poll\nNew supply chain pressure metric shows improvement has stalled, says NY Fed","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2437375458"}