The Westpac-Melbourne Institute Index of Consumer Sentiment for Australia increased by 2.0% mom to 106.2 in September 2021, amid hopes that COVID-19 curbs would be eased soon following an acceleration in vaccinations. The economic conditions in the next 5 years rose by 4.8 percent to 114.5 and those in the next 12 months gained 4.6 percent to 105.0. Also, the family finances economic conditions in the next 12 months advanced 2.1 percent to 109.2 and those vs a year ago went up 1.7 percent to 93.5. At the same time, unemployment expectations dropped 3.3 percent to 120.5. On the other hand, time to buy a major household item fell 2.7 percent to 109.0. The resilience of consumer sentiment in a period when Australia’s two major cities have been locked down and the economy has been contracting is truly remarkable," said Westpac chief economist Bill Evans. "The improving vaccine situation appears to be a key factor behind these results." source: Westpac Banking Corporation, Melbourne Institute
Consumer Confidence in Australia averaged 101.28 points from 1974 until 2021, 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. Australia Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Consumer Confidence in Australia is expected to be 102.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Consumer Confidence is projected to trend around 98.00 points in 2022, according to our econometric models.