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Consumer confidence falls in Australia

Consumer confidence in Australia has declined significantly, as shoppers worry about rising costs and their personal financial situation.

The regular Westpac-Melbourne index of popular sentiment decreased from 96.1 points in March to 94.5 points in April, reported as a "mild surprise".

"The Index is now at its lowest level since August last year when consumers were very concerned about the global outlook and warnings from the Reserve Bank and most commentators," it said.

(Source: Warc.com)