Australia Consumer Confidence August 2016


Consumer sentiment edges up in September

The Westpac-Melbourne Institute Survey of Consumer Sentiment increased 0.3% in September as the index rose from August’s 101.0 to 101.4. The increase nudged the index further above the 100 mark, indicating that the number of optimists outnumbers pessimists.

The Institute noted that consumer sentiment had remained remarkably stable over the past six months, despite some notable events that traditionally impact it. The overall stability is explained by a deterioration in confidence in domestic economic conditions cancelling out an improvement in households’ assessment of the international environment.

FocusEconomics Consensus Forecast panelists see private consumption growing 2.6% in 2016, which is unchanged from last month’s forecast. In 2017, panelists also see private consumption expanding 2.6%.

Author:, Economist

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Australia Consumer Confidence Chart

Australia Consumer Confidence September 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.

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