The Westpac-Melbourne Institute Index of Consumer Sentiment surged 6.2% month-over-month to the highest reading since August 2010 of 118.8 in April 2021, buoyed by positive news around the labor market and a further easing in COVID-19 restrictions. The gauge for finances compared to a year ago jumped 13.4% to 103.5 and that for finances in the next 12 months rose 5.4% to 117.6, with both now near the record levels seen in 2009 and 2010. In addition, the measure for the economy in the next 12 months went up 10.3% to 125.5 and that for the economy in the next five years gained 4.1% to 123.8. In contrast, the gauge for time to buy a major household item fell 0.2% to 123.4 as buyers appear to be discouraged by the recent surge in prices and implications for affordability. source: Westpac Banking Corporation, Melbourne Institute
Consumer Confidence in Australia averaged 101.22 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 May of 2021.
Consumer Confidence in Australia is expected to be 115.00 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 100.00 in 12 months time. In the long-term, the Australia Consumer Confidence is projected to trend around 98.00 points in 2022, according to our econometric models.