Read More Here: "THE sharp drop in petrol prices and the looming prospect of mortgage interest rate cuts have given hard-pressed consumers a much-needed confidence boost.
Consumer sentiment has recovered from its lowest point since the immediate aftermath of the early 1990s recession, according to the latest Westpac-Melbourne Institute report.
The positive result follows Tuesday's release of the latest NAB business survey which found confidence in the corporate sector had plunged to a seven-year low in July."
Friday, 15 August 2008
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