Australia: Consumer sentiment ticks down in December
The Westpac-Melbourne Institute consumer sentiment index decreased to 104.3 in December from 105.3 in November. However, sentiment remained above the 100-mark, indicating that there were more optimists than pessimists among Australian consumers.
December’s dip came on the back of less optimistic expectations over the economy in the next 12 months and five years as well as of consumers’ weakened willingness to buy major household items. On the flipside, households’ expectations of family finances in the next 12 months and assessments of family finances compared to one year ago improved
FocusEconomics panelists are still assessing the latest developments.