Australia Consumer Confidence


Consumer confidence inches up in June

In June, the index of consumer sentiment published by Westpac and the Melbourne Institute rose to 95.6 points. The figure was only slightly up from the 95.3 points recorded in May but marked nonetheless a second consecutive increase in the index. In spite of the improvement, the index remains below its long-term average of 101.7 points. The June reading was driven by an improvement in the respondents' assessment of their own financial situation compared to the previous year, with the corresponding sub-index rising 4.6% over the previous month. In contrast, expectations on future households' financial conditions deteriorated compared to the previous month, whereas the sub-index related to the intentions to purchase major household items improved strongly.

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Australia Consumer Confidence Chart

Australia Consumer Confidence May 2012

Note: Index of consumer sentiment; 100-point threshold indicates equal number of positive and negative responses.
Source: Westpac - Melbourne Institute Survey of Consumer Sentiment.

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