Economic Buzz: Australia consumer sentiment surges 6% to 88.9 in August

Australia?s Westpac?Melbourne Institute Consumer Sentiment Index jumped 6.0% MoM to 88.9 in August, marking its strongest gain since November 2025. Household financial confidence improved sharply, while concerns over further interest-rate increases eased among mortgage holders. The outlook for the economy and major household purchases also strengthened, although sentiment remained nearly 10% below last year?s level.

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