Westpac Consumer Confidence (s.a.) for December: -4.8% m/m (prior was +1.9%)

Westpac Consumer Confidence (seasonally adjusted) for December falls 4.8% to 105

• prior was +1.9% to 110.3

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Post-election positive sentiment in Australia is rapidly falling away

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Westpac says:

• election, house price boost-led confidence is fading, confidence faltering
• Unemployment expectations are rising