Australia Consumer Confidence November 2016

Australia

Australia: Consumer sentiment deteriorates in November

The Westpac-Melbourne Institute Survey of Consumer Sentiment decreased 1.1% in November as the index fell from October’s 102.4 to 101.3. The drop brought the index closer to the 100 mark, indicating that the number of optimists still outnumbers pessimists.

The Institute noted that consumer sentiment had continued to show strength despite significant adverse events over the past six months. The slight degradation stems from a weak job market and a volatile stock market, due to uncertainties related to the U.S. election.

FocusEconomics Consensus Forecast panelists see private consumption growing 2.9% in 2016, which is up 0.1 percentage points from last month’s forecast. In 2017, panelists also see private consumption expanding 2.7%, which is also up 0.1 percentage points from last month’s estimate.


Author:, Economist

Sample Report

Looking for forecasts related to Consumer Confidence in Australia? Download a sample report now.

Download

Australia Consumer Confidence Chart


Australia Consumer Confidence November 2016

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

More news

Search form