The Melbourne Institute and Westpac Bank Consumer Sentiment Index for Australia edged up 0.1 percent month-over-month to 104.4 in December 2018 from 104.3 in the previous month. It is the third straight gain after two consecutive drops and the thirteenth month on optimist zone. The ‘time to buy a major household item’ sub-index rose 3.7%, more than reversing a 3.5% decline in November. Meanwhile, consumers were slightly less optimistic around the economy, as the ‘economic outlook, next 12 months’ sub-index rose slightly by 0.1% but the ‘economic outlook, next 5 years’sub-index retraced 1.5%, giving up some of the 9.7% jump in November. Consumer Confidence in Australia averaged 101.35 Index Points from 1974 until 2018, reaching an all time high of 123.94 Index Points in May of 2007 and a record low of 64.61 Index Points in November of 1990.

Consumer Confidence in Australia is expected to be 104.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Australia to stand at 103.66 in 12 months time. In the long-term, the Australia Consumer Confidence is projected to trend around 104.00 Index Points in 2020, according to our econometric models.

Australia Consumer Confidence
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-11-13 11:30 PM Westpac Consumer Confidence Index 104.3 101.5 103
2018-11-13 11:30 PM Westpac Consumer Confidence Change 2.8% 1%
2018-12-11 11:30 PM Westpac Consumer Confidence Index 104.4 104.3 104
2018-12-11 11:30 PM Westpac Consumer Confidence Change 0.1% 2.8%
2019-01-14 12:30 AM Westpac Consumer Confidence Index 104.4
2019-01-14 12:30 AM Westpac Consumer Confidence Change 0.1%
2019-02-13 11:45 PM Westpac Consumer Confidence Index


Australia Consumer Last Previous Highest Lowest Unit
Consumer Confidence 104.40 104.30 123.94 64.61 Index Points [+]
Retail Sales MoM 0.30 0.10 8.10 -10.60 percent [+]
Retail Sales YoY 3.50 3.50 12.70 1.90 percent [+]
Consumer Spending 260656.00 259955.00 260656.00 33383.00 AUD Million [+]
Disposable Personal Income 303619.00 302682.00 303619.00 3106.00 AUD Million [+]
Personal Savings 2.40 2.80 20.40 -1.90 percent [+]
Consumer Credit 2790.70 2783.41 2790.70 35.83 AUD Billion [+]
Private Sector Credit 0.40 0.40 2.70 -0.50 percent [+]
Households Debt To GDP 122.20 121.70 122.50 34.20 percent of GDP [+]
Bank Lending Rate 8.65 8.65 20.50 8.10 percent [+]
Gasoline Prices 0.99 1.14 1.67 0.46 USD/Liter [+]
Consumer Confidence Current Conditions 102.19 99.24 131.41 70.47 [+]
Consumer Confidence Economic Expectations 92.87 94.23 127.29 59.25 [+]
Consumer Confidence Financial Expectations 98.41 102.77 124.40 79.00 [+]
Consumer Confidence Major Purchases Expectations 122.03 117.09 154.86 71.04 [+]


Australia Consumer Confidence

The Consumer Sentiment Index is based on a survey of over 1,200 Australian households. The Index is an average of five component indexes which reflect consumers' evaluations of their household financial situation over the past year and the coming year, anticipated economic conditions over the coming year and the next five years, and buying conditions for major household items. The index scores above 100 indicate that optimists outweigh pessimists. This page provides - Australia Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Consumer Confidence - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
104.40 104.30 123.94 64.61 1974 - 2018 Index Points Monthly
SA




Country Last Previous
Argentina 32.10 Nov/18
Australia 104.40 Dec/18
Brazil 113.60 Nov/18
Canada 57.05 Nov/18
China 119.10 Oct/18
Euro Area -3.90 Nov/18
France 92.00 Nov/18
Germany 10.40 Dec/18
India 94.00 Dec/18
Indonesia 122.70 Nov/18
Italy 114.80 Nov/18
Japan 42.90 Nov/18
Mexico 99.55 Nov/18
Netherlands 13.00 Nov/18
Russia -14.00 Sep/18
Saudi Arabia 107.00 Jun/18
South Africa 7.00 Sep/18
South Korea 96.00 Nov/18
Spain 91.40 Nov/18
Switzerland -6.00 Dec/18
Turkey 59.60 Nov/18
United Kingdom -13.00 Nov/18
United States 97.50 Dec/18


Related

Latest