The Westpac-Melbourne Institute Index of Consumer Sentiment for Australia fell by 5.2 percent to a five-month low of 107.2 in June 2021, amid concerns over a lockdown in Melbourne and some disappointment around the federal budget. The latest reading also reflected a statistical correction in May following a very strong surge in April to an eleven-year high. All components of the index dropped, with most of them falling back to their January's level: family finances vs a year ago (-8.5 percent to 89.6); family finances for the next 12 months (-2 percent to 107.3); economic conditions in the next 12 months (-10.3 percent to 108.7); economic conditions in the next five years (-1.4 percent to 114.0); and time to buy a major household item (-4.1% to 116.5). In addition, the unemployment expectations index jumped 8.2 percent to 108.4. source: Westpac Banking Corporation, Melbourne Institute
Consumer Confidence in Australia averaged 101.22 points from 1974 until 2021, reaching an all time high of 123.94 points in May of 2007 and a record low of 64.61 points in November of 1990. This page provides - Australia Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Consumer Confidence in Australia is expected to be 115.00 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 98.00 points in 2022, according to our econometric models.