The Melbourne Institute and Westpac Bank Consumer Sentiment Index for Australia increased by 0.6 percent month-over-month to 101.3 in May 2019 from 100.7 in the previous month. The latest reading reflected some cooling off from the initial confidence boost from the Federal Budget, which occurred in the middle of the April survey period. The gauge of family finances compared to a year ago increased by 6.3 percent and the survey's measure of economic conditions for the next 12 months went up 2.3 percent. In addition, the index of whether it was a good time to buy a major household item edged up 0.3 percent amid an ease in job loss fears (-5.1 percent). Meanwhile, the economic outlook for the next five years fell by 2.9 percent and the index of family finances over the next 12 months dropped 1.6 percent. Consumer Confidence in Australia averaged 101.36 Index Points from 1974 until 2019, reaching an all time high of 123.94 Index Points in May of 2007 and a record low of 64.61 Index Points in November of 1990.

Consumer Confidence in Australia is expected to be 100.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Australia to stand at 103.00 in 12 months time. In the long-term, the Australia Consumer Confidence is projected to trend around 104.00 Index Points in 2020, according to our econometric models.

Australia Consumer Confidence
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-10 12:30 AM Westpac Consumer Confidence Index 100.7 98.8 97
2019-04-10 12:30 AM Westpac Consumer Confidence Change 1.9% -4.8% -1.8%
2019-05-15 12:30 AM Westpac Consumer Confidence Index 101.3 100.7 100.4
2019-05-15 12:30 AM Westpac Consumer Confidence Change 0.6% 1.9% -0.3%
2019-06-13 12:30 AM Westpac Consumer Confidence Index 101.3 101.8
2019-06-13 12:30 AM Westpac Consumer Confidence Change 0.6%
2019-07-11 12:30 AM Westpac Consumer Confidence Change


Australia Consumer Last Previous Highest Lowest Unit
Consumer Confidence 101.30 100.70 123.94 64.61 Index Points [+]
Retail Sales MoM 0.30 0.90 8.10 -10.60 percent [+]
Retail Sales YoY 3.00 3.10 12.70 1.90 percent [+]
Consumer Spending 261905.00 260820.00 261905.00 33383.00 AUD Million [+]
Disposable Personal Income 306322.00 303619.00 306322.00 3106.00 AUD Million [+]
Personal Savings 2.50 2.30 20.40 -1.90 percent [+]
Consumer Credit 2827.04 2824.75 2827.04 35.83 AUD Billion [+]
Private Sector Credit 0.30 0.30 2.90 -0.50 percent [+]
Households Debt To GDP 120.50 121.30 122.50 34.20 percent of GDP [+]
Bank Lending Rate 8.66 8.66 20.50 8.10 percent [+]
Gasoline Prices 1.04 1.02 1.67 0.46 USD/Liter [+]
Consumer Confidence Current Conditions 102.19 99.24 131.41 70.47 [+]
Consumer Confidence Economic Expectations 92.87 94.23 127.29 59.25 [+]
Consumer Confidence Financial Expectations 98.41 102.77 124.40 79.00 [+]
Consumer Confidence Major Purchases Expectations 122.03 117.09 154.86 71.04 [+]


Australia Consumer Confidence

The Consumer Sentiment Index is based on a survey of over 1,200 Australian households. The Index is an average of five component indexes which reflect consumers' evaluations of their household financial situation over the past year and the coming year, anticipated economic conditions over the coming year and the next five years, and buying conditions for major household items. The index scores above 100 indicate that optimists outweigh pessimists. This page provides - Australia Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Consumer Confidence - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
101.30 100.70 123.94 64.61 1974 - 2019 Index Points Monthly
SA




Country Last Previous
Argentina 34.40 Apr/19
Australia 101.30 May/19
Brazil 48.40 Mar/19
Canada 53.71 May/19
China 124.10 Mar/19
Euro Area -6.50 May/19
France 96.00 Apr/19
Germany 10.40 May/19
India 105.00 Jun/19
Indonesia 128.10 Apr/19
Italy 110.50 Apr/19
Japan 40.40 Apr/19
Mexico 113.70 Apr/19
Netherlands -3.00 May/19
Russia -16.00 Mar/19
Saudi Arabia 109.00 Dec/18
South Africa 2.00 Mar/19
South Korea 102.00 Apr/19
Spain 97.00 Apr/19
Switzerland -6.00 Jun/19
Turkey 55.30 May/19
United Kingdom -13.00 Apr/19
United States 102.40 May/19


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