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Australia's Consumer Sentiment Soars Amid Economic Optimism

11/13/2025

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Summary

Story summary

The Westpac-Melbourne Institute Consumer Sentiment Index rose 12.8% in November, its highest since 2018.
The rise reflects optimism about economy and housing, boosted by a minerals deal with the United States and easing US-China tensions.
Australian exports to the United States grew 20% over the past year despite tariff concerns.
Experts say that firms are absorbing costs because there are few alternatives.
This outlook positions Australia in global supply chains.

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Story summary

The Westpac-Melbourne Institute Consumer Sentiment Index rose 12.8% in November, its highest since 2018.
The rise reflects optimism about economy and housing, boosted by a minerals deal with the United States and easing US-China tensions.
Australian exports to the United States grew 20% over the past year despite tariff concerns.
Experts say that firms are absorbing costs because there are few alternatives.
This outlook positions Australia in global supply chains.