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Australia consumer mood stays dark despite brighter signs - survey

Reuters  |  SYDNEY 

SYDNEY (Reuters) - A measure of Australian consumer sentiment edged barely higher in July after three months of falls and as pessimists continued to dominate despite signs elsewhere that economic conditions had turned for the better.The survey of 1,200 people by the Melbourne Institute and Westpac Bank published Wednesday found consumer sentiment rose 0.4 percent in July, from June when it dropped 1.8 percent.The index reading of 96.6 was 2.5 percent lower than in July last year and meant pessimists outnumbered optimists."The Index is not sending encouraging signals about the outlook for ...

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First Published: Wed, July 12 2017. 08:52 IST