The Melbourne Institute and Westpac Bank Consumer Sentiment Index for Australia dropped by 1.7 percent over a month earlier to 98.2 in September 2019 from 100 in August. The decline came in as people were cautious regarding the economy on the back of rising global headwinds and despite signs of revival in the housing market and the recent RBA interest rate cuts. The survey's measure of economic conditions for the next 12 months (92.6 from 95.5 in August), the gauge of family finances compared to a year ago (84.3 from 86.5) and personal finances expectations (96.9 from 99.1) dropped. In addition, the index of whether it was a good time to buy a major household item decreased to 123.3 from 126.9 in August. Meantime, the gauge of economic outlook for the next five years rose to 97.8 from 95.7, indicating that some of the difficulties currently facing the economy are expected to dissipate over time. Consumer Confidence in Australia averaged 101.34 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 98.00 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 102.00 in 12 months time. In the long-term, the Australia Consumer Confidence is projected to trend around 106.00 Index Points in 2020, according to our econometric models.

Australia Consumer Confidence
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Calendar GMT Actual Previous Consensus TEForecast
2019-08-14 12:30 AM Westpac Consumer Confidence Change Aug 3.6% -4.1% 2.3%
2019-08-14 12:30 AM Westpac Consumer Confidence Index Aug 100 96.5 98.7
2019-09-11 12:30 AM Westpac Consumer Confidence Index Sep 98.2 100 98
2019-09-11 12:30 AM Westpac Consumer Confidence Change Sep -1.7% 3.6% -2%
2019-10-09 11:30 PM Westpac Consumer Confidence Change Oct -1.7% 1.1%
2019-10-09 11:30 PM Westpac Consumer Confidence Index Oct 98.2 99.3
2019-11-13 11:30 PM Westpac Consumer Confidence Change Nov


Australia Consumer Last Previous Highest Lowest Unit
Consumer Confidence 98.20 100.00 123.94 64.61 Index Points [+]
Retail Sales MoM -0.10 0.40 8.10 -10.60 percent [+]
Retail Sales YoY 2.40 2.60 12.70 1.90 percent [+]
Consumer Spending 263544.00 262570.00 263544.00 33383.00 AUD Million [+]
Disposable Personal Income 310782.00 309948.00 310782.00 3103.00 AUD Million [+]
Personal Savings 2.30 3.00 20.40 -1.90 percent [+]
Consumer Credit 2899.68 2829.93 2899.68 35.83 AUD Billion [+]
Private Sector Credit 0.20 0.10 2.90 -0.50 percent [+]
Households Debt To GDP 120.30 120.70 122.00 34.20 percent of GDP [+]
Bank Lending Rate 8.03 8.03 20.50 8.03 percent [+]
Gasoline Prices 0.96 0.98 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
98.20 100.00 123.94 64.61 1974 - 2019 Index Points Monthly
SA




Country Last Previous
Argentina 41.90 Aug/19
Australia 98.20 Sep/19
Brazil 47.00 Jun/19
Canada 53.00 Sep/19
China 124.40 Jul/19
Euro Area -6.50 Sep/19
France 102.00 Aug/19
Germany 9.70 Sep/19
India 95.70 Sep/19
Indonesia 123.10 Aug/19
Italy 111.90 Aug/19
Japan 37.10 Aug/19
Mexico 43.40 Aug/19
Netherlands -2.00 Sep/19
Russia -15.00 Jun/19
Saudi Arabia 114.00 Jun/19
South Africa 5.00 Jun/19
South Korea 92.50 Aug/19
Spain 86.00 Aug/19
Switzerland -8.00 Sep/19
Turkey 55.80 Sep/19
United Kingdom -14.00 Aug/19
United States 92.00 Sep/19


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