SHARP DROP IN CONSUMER CONFIDENCE IN AUSTRALIA DURING FEB.

AsiaPulse News,  February, 2003  

Tags: consumer confidence, Sharp Corp.

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SYDNEY, Feb 12 Asia Pulse - Consumer confidence declined sharply in February as Australians faced bushfires and drought and global tensions intensified, a new survey shows.

The Westpac/Melbourne Institute index of consumer sentiment fell by 7.8 per cent in February to 99.7, from 108.1 in January.

Confidence dipping below the 100 level means that pessimists now marginally outnumber optimists.

"This is a surprisingly large fall in the index," Westpac global head of economics ...