An index of consumer sentiment fell 2.6% in June from May, marking the lowest reading in the index in two years.
The index fell to a reading of 101.2 points in June in seasonally adjusted terms from 103.9 points in May, compliers Westpac Banking Corp. and the Melbourne Institute said.
In annual terms, the consumer sentiment index fell 0.6% in June in seasonally adjusted terms. In trend terms, the index fell 0.9% in June compared with May, contributing to a 4.7% annual decline.