Australia: Consumer sentiment ticks up in July
July 14, 2021
The Westpac-Melbourne Institute consumer sentiment index rose to 108.8 in July from 107.2 in June. Therefore, sentiment moved further above the 100-mark, indicating that there were more optimists than pessimists among Australian consumers.
July’s rise came on the back of stronger expectations of family finances in the next 12 months and assessments of family finances compared to one year ago as well as more optimistic expectations over the economy in the next 12 months. On the flip side, unemployment expectations worsened somewhat, as did expectations over the economy in the next five years.
FocusEconomics panelists are still assessing the latest developments.