Australia Consumer Confidence

Australia

Australia: Consumer confidence improves in November

November 13, 2014

The Westpac-Melbourne Institute Survey of Consumer Sentiment rose from the 94.8 points tallied in October to 96.6 points in November. However, the indicator still rests below the 100-point threshold that separates pessimistic from optimistic territory.

According to the Institute, November’s print is disappointing, the index remains substantially below its level in November 2013. In addition, November’s figure marked the ninth consecutive month in pessimistic territory. The Institute commented that, “in the near term, prospects for a boost in consumer spending going into the end of the year are not encouraging.”

FocusEconomics Consensus Forecast panelists see private consumption growing 2.4% in 2014, which is up 0.1 percentage points from last month’s forecast. In 2015, panelists see private consumption expanding 2.6%, which is unchanged from last month’s projection.


Author: Angela Bouzanis, Senior 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 2014

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