Australia’s Westpac–Melbourne Institute Consumer Sentiment Index climbed 4.1% to 83.9 in July 2026, reversing June’s 2.9% fall as worries over energy costs, rising rates, and labor market weakness eased. Yet confidence remains historically fragile, still lodged in the bottom decile of the survey’s 50-year record and vulnerable to global shocks, particularly Middle East tensions. Households showed brighter views of their finances, with assessments of the past year up 5.6% to 71.1 and 12-month expectations surging 13.4% to 96.5. Economic sentiment improved, with the one-year outlook up 0.6% to 78.3 and the five-year measure rising 0.7% to 87.1. The gauge on whether it is a good time to buy major household items edged up 0.5% to 86.8, and unemployment expectations fell 7.1% to 129.9. Westpac economist Matthew Hassan cautioned that inflation remains the Reserve Bank’s central concern, with the June-quarter CPI likely decisive ahead of the August meeting, where he expects another 25bp hike. source: Westpac Banking Corporation, Melbourne Institute

Consumer Confidence MoM in Australia increased to 4.10 percent in July from -2.90 percent in June of 2026. Consumer Confidence MoM in Australia averaged 0.11 percent from 1974 until 2026, reaching an all time high of 18.00 percent in September of 2020 and a record low of -17.70 percent in April of 2020. This page includes a chart with historical data for Australia Consumer Confidence MoM. Australia Consumer Confidence MoM - data, historical chart, forecasts and calendar of releases - was last updated on July of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-09 12:30 AM
Westpac Consumer Confidence Change
Jun -2.9% 3.5% -1.2%
2026-07-14 12:30 AM
Westpac Consumer Confidence Change
Jul 4.1% -2.9% 2.5%
2026-08-18 12:30 AM
Westpac Consumer Confidence Change
Aug 4.1% 0.2%


Related Last Previous Unit Reference
Bank Lending Rate 10.76 10.76 percent Jun 2026
Westpac Consumer Confidence Index 83.90 80.60 points Jul 2026
Westpac Consumer Confidence Change 4.10 -2.90 percent Jul 2026
Consumer Credit 2549.37 2536.50 AUD Billion May 2026
GDP Consumption 357793.00 355980.00 AUD Million Mar 2026
Disposable Personal Income 456254.00 454500.00 AUD Million Mar 2026
Gasoline Prices 1.10 1.33 USD/Liter Jun 2026
Households Debt to GDP 114.00 113.40 percent of GDP Dec 2025
Housing Credit MoM 0.50 0.60 percent May 2026
Personal Savings 6.20 7.00 percent Mar 2026
Private Sector Credit MoM 0.70 0.70 percent May 2026


Australia Consumer Confidence MoM
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.
Actual Previous Highest Lowest Dates Unit Frequency
4.10 -2.90 18.00 -17.70 1974 - 2026 percent Monthly
SA

News Stream
Australia Consumer Morale Jumps
Australia’s Westpac–Melbourne Institute Consumer Sentiment Index climbed 4.1% to 83.9 in July 2026, reversing June’s 2.9% fall as worries over energy costs, rising rates, and labor market weakness eased. Yet confidence remains historically fragile, still lodged in the bottom decile of the survey’s 50-year record and vulnerable to global shocks, particularly Middle East tensions. Households showed brighter views of their finances, with assessments of the past year up 5.6% to 71.1 and 12-month expectations surging 13.4% to 96.5. Economic sentiment improved, with the one-year outlook up 0.6% to 78.3 and the five-year measure rising 0.7% to 87.1. The gauge on whether it is a good time to buy major household items edged up 0.5% to 86.8, and unemployment expectations fell 7.1% to 129.9. Westpac economist Matthew Hassan cautioned that inflation remains the Reserve Bank’s central concern, with the June-quarter CPI likely decisive ahead of the August meeting, where he expects another 25bp hike.
2026-07-14
Australian Consumer Sentiment Falls
Australia’s Westpac–Melbourne Institute Consumer Sentiment Index dropped 2.9% month-over-month to 80.6 in June 2026, reversing May’s gain and marking its fourth decline this year. Cost-of-living pressures remained the dominant drag, with the temporary halving of the fuel excise tax offering only fleeting relief. Household finances weakened sharply: assessments versus a year ago dropped 7.5% to 67.3, while 12-month expectations slid 8.5% to 85.1. Views on the broader economy were mixed, with the one-year outlook up 4.9% to 77.8 but the five-year measure down 3.2% to 86.5, a three-year low. The “time to buy a major item” index rose 0.9% to 86.4, and unemployment expectations edged down 0.1% to 139.8. Westpac economist Matthew Hassan said the impact of three rate hikes this year is increasingly evident, but inflation remains the immediate concern, with energy costs yet to fully feed through. While a pause is possible at the next meeting, Westpac expects further tightening in the year.
2026-06-09
Australia Consumer Mood Recovers from 2-1/2-Year Low
Australia’s Westpac–Melbourne Institute Consumer Sentiment Index rose 3.5% in May to 83.0, rebounding from April’s 2-1/2-year low of 80.1. The rebound was supported by the government’s temporary halving of the fuel excise tax, cushioning households from the central bank’s third 25bp hike this year in early May. Household finances showed improvement, with assessments versus a year earlier up 9.0% to 72.8 and 12-month expectations climbing 10.7% to 93.0. The “time to buy a major item” measure gained 2.8% to 85.6, while job-loss fears eased 5.2% to 140.0. Sentiment toward the broader economy weakened, however, with the one-year outlook down 1.5% to 74.2 and the five-year view slipping 2.2% to 89.3, the weakest combined reading since November 2022. Westpac economist Matthew Hassan said the budget’s impact was mixed, warning that inflation risks, particularly from rising energy costs feeding into other prices, could keep pressure on the Reserve Bank to tighten further.
2026-05-19