Australia’s consumer sentiment took a positive turn in September, as revealed by the latest Thomson Reuters IPSOS Primary Consumer Sentiment Index (PCSI). The index recorded a slight increase, rising from 49.27 in August 2024 to 50.17 in September 2024.The data, updated on 13 September 2024, is a month-over-month comparison that reflects a small but notable shift in consumer confidence. This change signifies a modest improvement in the outlook of Australian consumers, hinting at a recovery from the previous month’s sentiment which was lower at 49.27.These numbers indicate cautious optimism among consumers, likely reflecting minor advances in economic conditions or positive expectations for the near-term future. Analysts will be watching closely to see if this trend continues, providing further insights into Australia’s economic health and consumer behavior.The material has been provided by InstaForex Company – www.instaforex.com
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