Australia: Consumer confidence falls in December, but remains in positive territory
December 10, 2015
The Westpac-Melbourne Institute Survey of Consumer Sentiment decreased from 101.7 in November to 100.8 in December. Despite the decrease the indicator is still above the 100 threshold that separates optimistic from pessimistic territory.
The institute stated that the indicator had held onto most of the gains observed in November. Consumer sentiment regarding family finances shows a robust improvement over the previous month. However, survey respondents appeared to have a less favorable view of future economic conditions. The institute elaborated that “ survey assessments around finances have almost fully recovered their October levels but expectations for the economic outlook have been pared back, albeit with these components still well above their October levels.”
Author: Robert Hill, Economist