The Melbourne Institute and Westpac Bank Consumer Sentiment Index for Australia rose 2.3 percent month-over-month to 95.5 in January 2020 from 93.4 in the previous month. The latest reading reflected easing concerns around the impact of bushfires and shows improvement despite some fears of the coronavirus outbreak. Economic conditions for the next 12 months (+5.4 percent to 89.3) and for the next five years (+4.3 percent to 91.6) increased, both sub-indexes partially reversing the sharp falls seen over the previous two months. Also, time to buy major household item rose (+2.7 percent to 116.4). Meanwhile, expectations regarding unemployment went up (+0.6 percent to 134.7), consistent with a slowdown in jobs growth and steady rise in the unemployment and underemployment rates over the year ahead. Additionally, family finances versus a year ago declined 1 percent to 81.2 points.

Consumer Confidence in Australia averaged 101.29 points from 1974 until 2020, reaching an all time high of 123.94 points in May of 2007 and a record low of 64.61 points in November of 1990. This page provides - Australia Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Westpac Banking Corporation, Melbourne Institute

Consumer Confidence in Australia is expected to be 96.00 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 points in 2021, according to our econometric models.


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Australia Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
95.50 93.40 123.94 64.61 1974 - 2020 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-01-21 11:30 PM Westpac Consumer Confidence Change Jan -1.8% -1.9% -0.8% -0.4%
2020-01-21 11:30 PM Westpac Consumer Confidence Index Jan 93.4 95.1 94.7
2020-02-11 11:30 PM Westpac Consumer Confidence Change Feb 2.3% -1.8% 1.4% 1%
2020-02-11 11:30 PM Westpac Consumer Confidence Index Feb 95.5 93.4 94.3
2020-03-11 11:30 PM Westpac Consumer Confidence Index Mar 95.5 96
2020-04-15 12:30 AM Westpac Consumer Confidence Change Apr
2020-04-15 12:30 AM Westpac Consumer Confidence Index Apr
2020-05-13 12:30 AM Westpac Consumer Confidence Change May


News Stream
Australia Consumer Confidence Improves
The Melbourne Institute and Westpac Bank Consumer Sentiment Index for Australia rose 2.3 percent month-over-month to 95.5 in January 2020 from 93.4 in the previous month. The latest reading reflected easing concerns around the impact of bushfires and shows improvement despite some fears of the coronavirus outbreak. Economic conditions for the next 12 months (+5.4 percent to 89.3) and for the next five years (+4.3 percent to 91.6) increased, both sub-indexes partially reversing the sharp falls seen over the previous two months. Also, time to buy major household item rose (+2.7 percent to 116.4). Meanwhile, expectations regarding unemployment went up (+0.6 percent to 134.7), consistent with a slowdown in jobs growth and steady rise in the unemployment and underemployment rates over the year ahead. Additionally, family finances versus a year ago declined 1 percent to 81.2 points.
2020-02-11
Australia Consumer Sentiment Falls Further
The Melbourne Institute and Westpac Bank Consumer Sentiment Index for Australia declined 1.8 percent month-over-month to 93.4 in January 2020 from 95.1 in the previous month. The latest reading reflected the impact of devastating bushfires, with most of major subindexes recording declines: economic conditions for the next 12 months (-5.4% to 84.8), and for the next five years (-3.7% to 87.9); and time to buy major household item (-1.8% to 113.4). Meanwhile, households' assessment toward family finances in the next 12 months (0.9% to 99) and those over a year ago (0.7% to 82) increased. Also, the Westpac-Melbourne Institute Unemployment Expectations Index dropped 2.9% to 134, in line with a slowdown in jobs growth and steady rise in the unemployment and underemployment rates over the year ahead.
2020-01-22
Australia Consumer Sentiment Deteriorates in December
The Melbourne Institute and Westpac Bank Consumer Sentiment Index for Australia declined 1.9 percent month-over-month to 95.1 in December 2019, as all five major subindexes fell: finances from a year ago (-3.6 percent to 81.4); and for the next five years (-0.5 percent to 98.1); economic conditions for the next five years (-2.4 percent to 91.2); and for the next year (-1.1 percent to 89.6); and time to buy a major household item (-2.1 percent to 115.4). Additionally, the Westpac-Melbourne Institute Unemployment Expectations Index went up 1.1 percent to 138, its highest level since June 2017, as consumers expect unemployment to rise in the year ahead amid a slowdown in jobs growth and steady increases in jobless and underemployment rates.
2019-12-10
Australia Consumer Confidence Rebounds
The Melbourne Institute and Westpac Bank Consumer Sentiment Index for Australia rebounded 4.5 percent month-over-month from its lowest level since July 2015 to 97.0 in November 2019, as interest rates kept steady in the last RBA meeting; trade policy uncertainty improved marginally, and prospects of a lower personal income taxes lifted sentiment. Family finances for the next 12 months jumped the most (+5.7% to 98.6); while time to buy a major household item rose 3% to 117.9, well below its long run average and suggesting consumers will be keeping a tight rein on discretionary spending. Economic conditions for the next 12 months and 5 years increased 4% and 5.2% to 90.6 and 93.5 points, respectively. Meantime, the Westpac-Melbourne Institute Unemployment Expectations Index went up 3.6% to 136.5, its highest reading since June 2017, as consumers expect unemployment to rise in the year ahead amid a slowdown in jobs growth and steady increases in jobless and underemployment rates.
2019-11-12

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.