Australia Consumer Confidence February 2020

Australia

Australia: Consumer sentiment improves in February

February 21, 2021

The Westpac-Melbourne Institute consumer sentiment index rose to 109.1 in February from 107.0 in January. Therefore, sentiment moved further above the 100-mark, indicating that there were more optimists than pessimists among Australian consumers.

February’s reading came mainly on the back of stronger expectations of family finances compared in the next 12 months; more optimistic expectations over the economy in the next 12 months and five years; and falling 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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