The Melbourne Institute and Westpac Bank Consumer Sentiment Index for Australia declined by 4.1 percent month-over-month to 96.5 in July 2019 from 101.3 in the previous month. It was the lowest reading since August 2017, as concerns regarding the Australian economy outlook and prospects for family finances outweighed any near term support from the prospect of lower interest rates and tax relief. The survey's measure of economic conditions for the next 12 months slumped 12.3 percent, the weakest level in four years, and the index of family finances over the next 12 months tumbled 8 percent, moving back into net pessimistic territory for the first time since late 2017. Also, the economic outlook for the next five years fell by 6.7 percent, amid rising fears of job loss (5.8 percent). Meanwhile, the gauge of family finances compared to a year ago advanced 3 percent to a five-month high and the index of whether it was a good time to buy a major household item rose 3.6 percent. Consumer Confidence in Australia averaged 101.35 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 102.00 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 102.00 in 12 months time. In the long-term, the Australia Consumer Confidence is projected to trend around 106.00 Index Points in 2020, according to our econometric models.

Australia Consumer Confidence
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-12 12:30 AM Westpac Consumer Confidence Change Jun -0.6% 0.6% 0.5%
2019-06-12 12:30 AM Westpac Consumer Confidence Index Jun 100.7 101.3 101.8
2019-07-10 12:30 AM Westpac Consumer Confidence Index Jul 96.5 100.7 101
2019-07-10 12:30 AM Westpac Consumer Confidence Change Jul -4.1% -0.6% 0.3%
2019-08-15 12:30 AM Westpac Consumer Confidence Index Aug -4.1%
2019-08-15 12:30 AM Westpac Consumer Confidence Change Aug 96.5
2019-09-12 12:30 AM Westpac Consumer Confidence Change Sep


Australia Consumer Last Previous Highest Lowest Unit
Consumer Confidence 96.50 100.70 123.94 64.61 Index Points [+]
Retail Sales MoM 0.10 -0.10 8.10 -10.60 percent [+]
Retail Sales YoY 2.70 2.80 12.70 1.90 percent [+]
Consumer Spending 262566.00 261885.00 262566.00 33383.00 AUD Million [+]
Disposable Personal Income 309216.00 306322.00 309216.00 3106.00 AUD Million [+]
Personal Savings 2.80 2.50 20.40 -1.90 percent [+]
Consumer Credit 2828.93 2830.23 2830.23 35.83 AUD Billion [+]
Private Sector Credit 0.20 0.20 2.90 -0.50 percent [+]
Households Debt To GDP 120.30 120.70 122.00 34.20 percent of GDP [+]
Bank Lending Rate 8.55 8.66 20.50 8.10 percent [+]
Gasoline Prices 0.97 1.02 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
96.50 100.70 123.94 64.61 1974 - 2019 Index Points Monthly
SA




Country Last Previous
Argentina 40.60 Jun/19
Australia 96.50 Jul/19
Brazil 47.00 Jun/19
Canada 54.51 Jul/19
China 123.40 May/19
Euro Area -7.20 Jun/19
France 101.00 Jun/19
Germany 9.80 Jul/19
India 97.00 Sep/19
Indonesia 126.40 Jun/19
Italy 109.60 Jun/19
Japan 38.70 Jun/19
Mexico 107.52 Jun/19
Netherlands 0.00 Jun/19
Russia -15.00 Jun/19
Saudi Arabia 112.00 Mar/19
South Africa 5.00 Jun/19
South Korea 97.50 Jun/19
Spain 102.30 Jun/19
Switzerland -6.00 Jun/19
Turkey 57.60 Jun/19
United Kingdom -13.00 Jun/19
United States 98.40 Jul/19


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