Australia Westpac Consumer Confidence Index

Info

History

Chart

Impact:

Medium

Source: Westpac Banking Corporation, Melbourne Institute

Latest Release:

Date:

Surprise:

1.6

AUD

Actual:

92.1

Forecast: 90.5

Previous/Revision:

90.1

Period: May

Next Release:

Date:

Forecast: 92

Period: Jun

What Does It Measure?

The Westpac Consumer Confidence Index measures the overall sentiment and confidence of Australian consumers in the economy, specifically in areas such as spending intentions, economic outlook, and perspectives on personal finances. It evaluates consumers' expectations for the economy's health, influencing their purchases and savings behaviors, with the index being regional and focused specifically on the Australian market.

Frequency

The Westpac Consumer Confidence Index is released monthly, typically on the first Tuesday of each month, and represents a preliminary estimate that may undergo revisions in subsequent reports.

Why Do Traders Care?

Traders closely monitor the Westpac Consumer Confidence Index as it serves as a leading indicator of consumer spending, which is a vital driver of economic growth. Positive readings can bolster the Australian dollar and equities, while declines may suggest weakening economic conditions, impacting investors' confidence and market forecasts.

What Is It Derived From?

The index is derived from a survey conducted by Westpac and the Melbourne Institute, which includes responses from around 1,200 consumers across Australia, assessing their views on economic conditions and personal financial situations. The data is collected using a structured questionnaire, allowing for the aggregation of confidence levels and sentiment among various demographic segments.

Description

This index represents an important measure of consumer optimism, calculated as an average score from survey respondents, with values above 100 indicating confidence and below that signaling pessimism. The most recent reading is often contrasted with historical data to identify trends in consumer sentiment, highlighting shifts in economic perceptions.

Additional Notes

The Westpac Consumer Confidence Index serves as a leading economic indicator, often reflecting early changes in economic activity before broader data is published. It is correlated with other indicators such as retail sales and GDP growth, which can provide insights into overall economic conditions in Australia.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for AUD, Bullish for Stocks. Lower than expected: Bearish for AUD, Bearish for Stocks. Dovish tone: Signaling lower consumer confidence, is usually bad for the AUD but good for stocks due to potential monetary support measures.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
May 13, 2025	92.1	90.5	90.1	1.6
Apr 08, 2025	90.1	95	95.9	-4.9
Mar 10, 2025	95.9	92	92.2	3.9
Feb 10, 2025	92.2	92.6	92.1	-0.4
Jan 13, 2025	92.1		92.8
Dec 16, 2024	92.8	96	94.6	-3.2
Nov 11, 2024	94.6	89.5	89.8	5.1
Oct 08, 2024	89.8	84.3	84.6	5.5
Sep 10, 2024	84.6	84	85	0.6
Aug 13, 2024	85	83	82.7	2
Jul 09, 2024	82.7	83.4	83.6	-0.7
Jun 25, 2024	83.6	82	82.2	1.6
May 21, 2024	82.2	83.1	82.4	-0.9
Apr 09, 2024	82.4	84.8	84.4	-2.4
Mar 25, 2024	84.4	84.6	86	-0.2
Feb 12, 2024	86	80.4	81	5.6
Jan 15, 2024	81	82.5	82.1	-1.5
Dec 11, 2023	82.1	82.3	79.9	-0.2
Nov 13, 2023	79.9	82.6	82	-2.7
Oct 09, 2023	82	79.1	79.7	2.9
Sep 12, 2023	79.7	81.5	81	-1.8
Aug 08, 2023	81	80.7	81.3	0.3
Jul 11, 2023	81.3	80.4	79.2	0.9
Jun 13, 2023	79.2	81.5	79	-2.3
May 16, 2023	79	82.1	85.8	-3.1
Apr 11, 2023	85.8	79.7	78.5	6.1
Mar 13, 2023	78.5	79.1	78.5	-0.6
Feb 13, 2023	78.5	85.3	84.3	-6.8
Jan 16, 2023	84.3	78.4	80.3	5.9
Dec 12, 2022	80	80	78
Nov 07, 2022	78	82.7	83.7	-4.7
Oct 10, 2022	83.7	82	84.4	1.7
Sep 13, 2022	84.4	80.5	81.2	3.9
Aug 09, 2022	81.2	85	83.8	-3.8
Jul 12, 2022	83.8	85	86.4	-1.2
Jun 15, 2022	86.4	90	90.4	-3.6
May 11, 2022	90.4	94.7	95.7	-4.3
Apr 13, 2022	95.7	95	96.6	0.7
Mar 08, 2022	96.6	99.2	100.8	-2.6
Feb 08, 2022	100.8	102	102.2	-1.2
Jan 18, 2022	102.2	104	104.3	-1.8
Dec 14, 2021	104.3	106	105.3	-1.7
Nov 09, 2021	105.3	104	104.6	1.3
Oct 13, 2021	104.6	108	106.2	-3.4
Sep 15, 2021	106.2	102	104.1	4.2
Aug 11, 2021	104.1	109	108.8	-4.9
Jul 14, 2021	108.8	105	107.2	3.8
Jun 09, 2021	107.2	114	113.1	-6.8
May 19, 2021	113.1	117	118.8	-3.9
Apr 14, 2021	118.8	113	111.8	5.8
Mar 09, 2021	111.8	110	109.1	1.8
Feb 09, 2021	109.1	108	107	1.1
Jan 19, 2021	107	110	112	-3
Dec 09, 2020	112	105	107.7	7
Nov 10, 2020	107.7	108	105	-0.3
Oct 13, 2020	105	94.5	93.8	10.5
Sep 09, 2020	93.8	77	79.5	16.8
Aug 12, 2020	79.5	87	87.9	-7.5
Jul 15, 2020	87.9	96	93.7	-8.1
Jun 10, 2020	93.7	90	88.1	3.7
May 13, 2020	88.1	65	75.6	23.1
Apr 15, 2020	75.6	78	91.9	-2.4
Mar 10, 2020	91.9	94.7	95.5	-2.8
Feb 11, 2020	95.5	94.3	93.4	1.2
Jan 21, 2020	93.4	94.7	95.1	-1.3
Dec 10, 2019	95.1	95.8	97	-0.7
Nov 12, 2019	97	93.5	92.8	3.5
Oct 09, 2019	92.8	97.9	98.2	-5.1
Sep 11, 2019	98.2	98	100	0.2
Aug 14, 2019	100	98.7	96.5	1.3
Jul 10, 2019	96.5	101	100.7	-4.5
Jun 12, 2019	100.7	101.8	101.3	-1.1
May 15, 2019	101.3	100.4	100.7	0.9
Apr 10, 2019	100.7	97	98.8	3.7
Mar 12, 2019	98.8	102.5	103.8	-3.7
Feb 12, 2019	103.8	99.2	99.6	4.6
Jan 16, 2019	99.6	104	104.4	-4.4
Dec 11, 2018	104.4	104	104.3	0.4
Nov 13, 2018	104.3	103	101.5	1.3
Oct 09, 2018	101.5	102	100.5	-0.5
Sep 12, 2018	100.5	101	103.6	-0.5
Aug 15, 2018	103.6	103	106.1	0.6
Jul 11, 2018	106.1	100	102.2	6.1
Jun 13, 2018	102.2	102	101.8	0.2
May 16, 2018	101.8	102.8	102.4	-1
Apr 11, 2018	102.4		103
Mar 14, 2018	103	102	102.7	1
Feb 13, 2018	102.7	102	105.1	0.7
Jan 17, 2018	105.1	102	103.3	3.1
Dec 12, 2017	103.3	97	99.7	6.3
Nov 14, 2017	99.7	97.2	101.35	2.5
Oct 11, 2017	101.35	97.5	97.9	3.85
Sep 13, 2017	97.9	96	95.5	1.9
Aug 09, 2017	95.5	97.8	96.6	-2.3
Jul 12, 2017	96.6		96
Jun 14, 2017	96		98
May 17, 2017	98		99
Apr 12, 2017	99		99.7
Mar 15, 2017	99.7	98.2	99.6	1.5
Feb 14, 2017	99.6		97.4
Jan 17, 2017	97.4	97	97.3	0.4
Dec 13, 2016	97.3	101	101.3	-3.7
Nov 09, 2016	101.3		102.4
Oct 11, 2016	102.4		101.4
Sep 14, 2016	101.4	101	101	0.4
Aug 10, 2016	101		99.1
Jul 13, 2016	99.1		102.17
Jun 15, 2016	102.17		103.2
May 11, 2016	103.2		95.1
Apr 13, 2016	95.1		99.1
Mar 08, 2016	99.1	100.8	101.3	-1.7
Jan 19, 2016	97.3		100.8
Dec 08, 2015	100.8	102	101.7	-1.2
Nov 10, 2015	101.7		97.8
Oct 14, 2015	97.8	93.5	93.9	4.3
Sep 09, 2015	93.9		99.5
Aug 12, 2015	99.5		92.2
Jul 15, 2015	92.3	96.6	95.3	-4.3
Jun 10, 2015	95.3	95.79%	102.4
May 20, 2015	102.4	94.13%	96.2