Australia Consumer Confidence


Australia: Consumer confidence increases in January

January 21, 2015

The Westpac-Melbourne Institute Survey of Consumer Sentiment increased from 91.1 points in December of last year to 93.2 points in January. Despite the increase, consumer sentiment is still in pessimistic territory below the 100-point threshold.

January’s modest improvement in the overall index was mainly driven by consumers’ increased optimism on purchasing household items. Unemployment expectations also improved somewhat compared to the previous month, consistent with the strong labor force figures published in December. Conversely, consumers continued to be very pessimistic regarding the economic outlook for the next twelve months.

FocusEconomics Consensus Forecast panelists see private consumption growing 2.5% in 2015, which is unchanged from last month’s forecast. In 2016, panelists see private consumption expanding 2.7%.

Author:, Economist

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Australia Consumer Confidence Chart

Australia Consumer Confidence January 2015

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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