Australia Consumer Confidence January 2020

Australia

Australia: Consumer sentiment dips in January

January 21, 2021

The Westpac-Melbourne Institute consumer sentiment index dropped to 107.0 in January from 112.0 in December—which had marked the highest reading since October 2010. However, sentiment remained comfortably above the 100-mark, indicating that there were more optimists than pessimists among Australian consumers.

January’s reading came mainly on the back of weaker perceptions of family finances compared to one year ago; less optimistic expectations over the economy in the next 12 months and five years; and rising unemployment expectations.



FocusEconomics panelists are still assessing the latest developments.

FocusEconomics panelists are still assessing the latest developments.


Author: Massimo Bassetti, Senior Economist

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Australia Consumer Confidence Chart


Australia Consumer Confidence January 2021

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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