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.
Australia Consumer Confidence
Consumer confidence inches up in June
June 13, 2012
Looking for forecasts related to Consumer Confidence in Australia? Download a sample report now.
Australia Consumer Confidence Chart
Note: Index of consumer sentiment; 100-point threshold indicates equal number of positive and negative responses.
Source: Westpac - Melbourne Institute Survey of Consumer Sentiment.
Australia Economic News
October 12, 2016
The Westpac-Melbourne Institute Survey of Consumer Sentiment increased 1.1% in October as the index rose from September’s 101.4 to 102.4.
October 11, 2016
The business confidence index published by the National Australia Bank (NAB) was stable in September at August’s 6 points.
October 5, 2016
Nominal retail sales inched up 0.4% in August from the previous month in seasonally-adjusted terms, up from July’s flat reading.
October 4, 2016
At its 4 October monetary policy meeting, the Reserve Bank of Australia (RBA) kept its policy rate steady at an all-time low of 1.50% after cutting its rate by 25 basis points twice this year, once in May and once in August.
September 15, 2016
The labor market lost 3,900 net new jobs in August compared to the previous month in seasonally-adjusted terms.