Australia's consumer sentiment falls in May

Note: This section contains information in English only.
Source: RTT News
© Scanpix/RS
Australian consumer confidence in May dropped notably to the weakest level since August 2012 mainly due to negative responses to the Federal Budget, the Westpac and Melbourne Institute showed in a report on Wednesday. The consumer sentiment index dropped 7% in May from 104.9 recorded in April to 97.6, the least since last August. 

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