Australia Consumer Confidence June 2017


Australia: Consumer sentiment continues its slide in June

June 14, 2017

The Westpac-Melbourne Institute Index of Consumer Sentiment came in at 96.2 in June, down 1.8% from May’s 98.0. The index thus fell further below the 100 mark, indicating that the number of pessimists still outnumbers optimists.

This month’s result was negatively affected by renewed fears about the country’s economic outlook. Households found their finances were in a worse state than a year ago, with continued weak wage growth and rising mortgage rates weighing heavily on household income. Nevertheless, survey participants remain relatively upbeat about their financial future.

FocusEconomics Consensus Forecast panelists see private consumption growing 2.4% in 2017, which is unchanged from last month’s forecast. In 2018, panelists also see private consumption expanding 2.4%.

Author:, Economist

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Australia Consumer Confidence Chart

Australia Consumer Confidence June 2017

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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