The Melbourne Institute and Westpac Bank Consumer Sentiment Index for Australia declined 4.7 percent month-over-month to 99.6 in January 2019. It was the lowest reading since September 2017, amid a continued slide in house prices; ongoing concerns regarding global trade wars; and political uncertainty. The survey's measure of economic conditions for the next 12 months dropped by 7.8 percent to 96.2, and the measure for the next five years fell by 5.9 percent to 96.5. In addition, the index of family finances compared to a year ago decreased 5.9 percent to 84.6 and the outlook for the next 12 months went down by 3.1 percent to 102.2. Also, the index of whether it was a good time to buy a major household item declined 1.3 percent to 118.3. Consumer Confidence in Australia averaged 101.36 Index Points from 1974 until 2019, 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 99.00 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 100.00 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
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Calendar GMT Actual Previous Consensus TEForecast
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%
2019-01-16 12:30 AM Westpac Consumer Confidence Change -4.7% 0.1%
2019-01-16 12:30 AM Westpac Consumer Confidence Index 99.6 104.4 104
2019-02-13 11:45 PM Westpac Consumer Confidence Index 99.6
2019-02-13 11:45 PM Westpac Consumer Confidence Change -4.7%
2019-03-13 11:30 PM Westpac Consumer Confidence Change 99


Australia Consumer Last Previous Highest Lowest Unit
Consumer Confidence 99.60 104.40 123.94 64.61 Index Points [+]
Retail Sales MoM 0.40 0.30 8.10 -10.60 percent [+]
Retail Sales YoY 3.60 3.60 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 2799.32 2790.70 2799.32 35.83 AUD Billion [+]
Private Sector Credit 0.30 0.40 2.90 -0.50 percent [+]
Households Debt To GDP 121.30 122.20 122.50 34.20 percent of GDP [+]
Bank Lending Rate 8.65 8.65 20.50 8.10 percent [+]
Gasoline Prices 0.89 0.99 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
99.60 104.40 123.94 64.61 1974 - 2019 Index Points Monthly
SA




Country Last Previous
Argentina 36.00 Dec/18
Australia 99.60 Jan/19
Brazil 114.30 Dec/18
Canada 54.17 Jan/19
China 122.10 Nov/18
Euro Area -6.20 Dec/18
France 87.00 Dec/18
Germany 10.40 Jan/19
India 94.00 Dec/18
Indonesia 127.00 Dec/18
Italy 113.10 Dec/18
Japan 42.70 Dec/18
Mexico 105.65 Dec/18
Netherlands 9.00 Dec/18
Russia -17.00 Dec/18
Saudi Arabia 106.00 Sep/18
South Africa 7.00 Sep/18
South Korea 97.20 Dec/18
Spain 90.90 Dec/18
Switzerland -6.00 Dec/18
Turkey 58.20 Dec/18
United Kingdom -14.00 Dec/18
United States 90.70 Jan/19


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