The Westpac-Melbourne Institute Index of Consumer Sentiment for Australia rose by 0.6% mom to 105.3 in November 2021, as the economy emerged from the pandemic amid the success of vaccination rollouts and relief from the loosening in Sydney and Melbourne. The economic conditions in the next 12 months increased by 3.3% to 106.6 while those in the next 5 years went up 2.6% to 111.0. Also, the time to buy a major household item gained 1.8% to 111.9, on a rebalancing in spending from goods back towards services ahead of Christmas. Meanwhile, the family finances economic conditions vs a year ago fell 4.5% to 88.1, and the gauge for family finances in the next 12 months was down 0.7% to 108.9. On top of that, expectations about employment were at their best level since the mid-1990s. "The level of the consumer sentiment index is almost identical to the level just over a year ago in October 2020 (105.0) and has remained steady over the last two months," said Westpac chief economist Bill Evans. source: Westpac Banking Corporation, Melbourne Institute
Consumer Confidence in Australia averaged 101.29 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 November of 2021.
Consumer Confidence in Australia is expected to be 105.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Consumer Confidence is projected to trend around 98.00 points in 2022, according to our econometric models.