Australia Consumer Confidence


Australia: Consumer confidence moves into positive territory in November

November 11, 2015

The Westpac-Melbourne Institute Survey of Consumer Sentiment increased from 97.8 in October to 101.7 in November. The strong result moves the indicator above the 100 threshold that separates optimistic from pessimistic territory. The indicator has been below the threshold for 18 of the last 21 months.

The institute stated that the positive result was based on of consumers’ expectations of the overall economy. Offsetting some of this positive sentiment was consumers’ pessimistic view of their own finances stemming from the recent increase in mortgage rates. The institute also noted that sentiment improved immediately after the newly instated prime minister came into office, stating that, “It appears that such is the boost to confidence from the recent political events that the impact of the interest rate increases was comfortably contained.”

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 2.4%, which is also unchanged from last month’s forecast.

Author:, Economist

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Australia Consumer Confidence Chart

Australia Consumer Confidence November 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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