The Melbourne Institute and Westpac Bank Consumer Sentiment Index for Australia rose by 2.8 percent month-over-month to 104.3 in November 2018 from 101.5 in the previous month. It is the second straight gain after two consecutive drops and the twelfth month on optimist zone, mainly nudged by sentiment for economic conditions over the next 5 years (+9.7 percent to 104.1) and the time to buy a dwelling subindex (+11.8 percent to 114.8). Family finances versus a year ago (+4.9 percent to 91.7) and over the next 12 months (+3.2 percent to 106.1) also improved. In contrast, the unemployment expectations index edged down 1.9 percent to 120.4. “Today’s Consumer Sentiment Report portrays a more confident consumer than we had expected although this confidence is not boosting spending intentions,” said Westpac Chief economist Bill Evans. 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.

Australia Consumer Confidence
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-09 11:30 PM Westpac Consumer Confidence Index 101.5 100.5 102
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%
2018-12-12 11:30 PM Westpac Consumer Confidence Change 2.8%
2018-12-12 11:30 PM Westpac Consumer Confidence Index 104.3 104


Australia Consumer Last Previous Highest Lowest Unit
Consumer Confidence 104.30 101.50 123.94 64.61 Index Points [+]
Retail Sales MoM 0.20 0.30 8.10 -10.60 percent [+]
Retail Sales YoY 3.50 3.30 12.70 1.90 percent [+]
Consumer Spending 258440.00 256756.00 258440.00 33014.00 AUD Million [+]
Disposable Personal Income 298813.00 297957.00 298813.00 3108.00 AUD Million [+]
Personal Savings 1.00 2.10 20.60 -0.70 percent [+]
Consumer Credit 2783.41 2769.09 2783.41 35.83 AUD Billion [+]
Private Sector Credit 0.40 0.50 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 1.14 1.13 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
104.30 101.50 123.94 64.61 1974 - 2018 Index Points Monthly
SA




Country Last
Argentina 32.60 Oct/18
Australia 104.30 Nov/18
Brazil 110.60 Oct/18
Canada 55.25 Oct/18
China 118.50 Sep/18
Euro Area -2.70 Oct/18
France 95.00 Oct/18
Germany 10.60 Nov/18
India 95.00 Sep/18
Indonesia 119.20 Oct/18
Italy 116.60 Oct/18
Japan 43.00 Oct/18
Mexico 101.40 Oct/18
Netherlands 15.00 Oct/18
Russia -14.00 Sep/18
Saudi Arabia 107.00 Jun/18
South Africa 22.00 Jun/18
South Korea 99.50 Oct/18
Spain 93.00 Oct/18
Switzerland -6.00 Dec/18
Turkey 57.30 Oct/18
United Kingdom -10.00 Oct/18
United States 98.30 Nov/18


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