The Melbourne Institute and Westpac Bank Consumer Sentiment Index for Australia plunged 4.8 percent month-over-month to 98.8 in March 2019 from 103.8 in the previous month. It was the lowest reading since September 2017, amid a slowdown in domestic economy which is widely described as a ‘per capita recession’ in media coverage and a downturn in housing market. The index of family finances over the next 12 months slumped 5.9 percent and that of family finances compared to a year ago decreased 5.6 percent. Also, the survey's measure of economic conditions for the next 12 months dropped 6.9 percent and the outlook for the next five years fell by 5.5 percent. In addition, the index of whether it was a good time to buy a major household item declined 0.6 percent and job loss concerns went up 8.9 percent showing consumers expect unemployment to rise in the year ahead. 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 102.50 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 100.00 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
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-02-12 11:30 PM Westpac Consumer Confidence Change 4.3% -4.7% -0.4%
2019-02-12 11:30 PM Westpac Consumer Confidence Index 103.8 99.6 99.2
2019-03-12 11:30 PM Westpac Consumer Confidence Change -4.8% 4.3% -1.3%
2019-03-12 11:30 PM Westpac Consumer Confidence Index 98.8 103.8 102.5
2019-04-11 12:30 AM Westpac Consumer Confidence Change -4.8% -1.8%
2019-04-11 12:30 AM Westpac Consumer Confidence Index 98.8 97
2019-05-16 12:30 AM Westpac Consumer Confidence Change


Australia Consumer Last Previous Highest Lowest Unit
Consumer Confidence 98.80 103.80 123.94 64.61 Index Points [+]
Retail Sales MoM 0.10 -0.40 8.10 -10.60 percent [+]
Retail Sales YoY 2.80 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 2.40 20.40 -1.90 percent [+]
Consumer Credit 2811.01 2802.59 2811.01 35.83 AUD Billion [+]
Private Sector Credit 0.20 0.20 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 0.98 0.94 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
98.80 103.80 123.94 64.61 1974 - 2019 Index Points Monthly
SA




Country Last Previous
Argentina 34.80 Mar/19
Australia 98.80 Mar/19
Brazil 114.30 Dec/18
Canada 55.08 Mar/19
China 123.00 Dec/18
Euro Area -7.20 Mar/19
France 95.00 Feb/19
Germany 10.80 Mar/19
India 97.00 Mar/19
Indonesia 125.10 Feb/19
Italy 112.40 Feb/19
Japan 41.50 Feb/19
Mexico 119.88 Feb/19
Netherlands -4.00 Mar/19
Russia -17.00 Dec/18
Saudi Arabia 109.00 Dec/18
South Africa 7.00 Dec/18
South Korea 99.50 Feb/19
Spain 96.10 Feb/19
Switzerland -4.00 Mar/19
Turkey 59.40 Mar/19
United Kingdom -13.00 Feb/19
United States 97.80 Mar/19


Related

Latest