Australia’s Westpac–Melbourne Institute Consumer Sentiment Index dropped 3.5% 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. source: Westpac Banking Corporation, Melbourne Institute

Consumer Confidence MoM in Australia decreased to -2.90 percent in June from 3.50 percent in May 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 June of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-19 12:30 AM
Westpac Consumer Confidence Change
May 3.5% -12.5% -1.1%
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 -2.9%


Related Last Previous Unit Reference
Bank Lending Rate 10.76 10.51 percent May 2026
Westpac Consumer Confidence Index 80.60 83.00 points Jun 2026
Westpac Consumer Confidence Change -2.90 3.50 percent Jun 2026
Consumer Credit 2536.50 2522.64 AUD Billion Apr 2026
GDP Consumption 357793.00 355980.00 AUD Million Mar 2026
Disposable Personal Income 456254.00 454500.00 AUD Million Mar 2026
Gasoline Prices 1.33 1.38 USD/Liter May 2026
Households Debt to GDP 113.20 113.60 percent of GDP Sep 2025
Housing Credit MoM 0.60 0.70 percent Apr 2026
Personal Savings 6.20 7.00 percent Mar 2026
Private Sector Credit MoM 0.70 0.70 percent Apr 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
-2.90 3.50 18.00 -17.70 1974 - 2026 percent Monthly
SA

News Stream
Australian Consumer Sentiment Falls
Australia’s Westpac–Melbourne Institute Consumer Sentiment Index dropped 3.5% 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
Australian Consumer Mood Slumps to 2-1/2-Year Low
Australia’s Westpac–Melbourne Institute Consumer Sentiment Index plunged 12.5% mom to a 2-1/2-year low of 80.1 in April 2026, reversing a 1.2% rise in March. The sharp drop was driven by a surge in fuel prices amid the U.S.–Israel conflict with Iran, as well as a further 25bp rate hike by the Reserve Bank. Household finances weakened sharply, with assessments vs a year ago down 16.7% to 66.8, and expectations for the next 12 months fell 13.9% to 84.0. Meanwhile, views on economic conditions over the next year dropoed 12.4% to 75.3, and the five-year outlook eased 5.1% to 91.4. The “time to buy a major household item” index slid 15.0% to 83.3. Job loss fears climbed 9.7% to a 5-1/2-year high of 147.8. Westpac economist Matthew Hassan noted the current shock is weighing more heavily on labour market expectations than the 2022–24 'cost-of-living crisis'. He expects the central bank to stay focused on inflation, forecasting a 25bp hike in May, with further tightening later this year.
2026-04-14