The Westpac-Melbourne Institute Index of Consumer Sentiment for Australia rose by 1.5 percent to 108.8 in July 2021, as concerns over the virus outbreak and associated restrictions in New South Wales were not spilling over to the rest of the country. The family finances vs a year ago rose the most by 4.6 percent to 93.7, followed by the family finances for the next 12 months (2.5 percent to 109.9), economic conditions in the next 12 months (0.8 percent to 109.5), and time to buy a major household item (3.5 percent to 120.6). In contrast, the economic conditions in the next five years fell 3.1 percent to 110.5). "Confidence has held up overall despite a sharp fall in NSW as other states – notably Victoria and Western Australia
– recorded strong bounce-backs from COVID-related disruptions in June," said Westpac chief economist Bill Evans. The survey was conducted over the week of July 5–9, when Sydney was locked down but restrictions were tightened further on July 9. source: Westpac Banking Corporation, Melbourne Institute
Consumer Confidence in Australia averaged 101.26 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 July of 2021.
Consumer Confidence in Australia is expected to be 109.00 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.