Monthly Index Measuring Consumer Confidence in Australia
Australia| Date | Value | ||
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| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
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| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The Westpac Consumer Confidence Index is a vital indicator for assessing consumer sentiment regarding the economic situation in Australia. This index is based on a monthly survey conducted by the Westpac Banking Corporation, which collects opinions from approximately 1,200 adults about their current economic situation, future economic outlook, income, expenditure, and willingness to make significant purchases.
The index uses 100 as a baseline, where values above 100 indicate good consumer confidence, and values below 100 indicate declining consumer confidence. When consumer confidence is high, increased consumer spending is expected, contributing to economic growth. Conversely, when consumer confidence is low, consumer activity decreases, potentially slowing economic growth.
The Westpac Consumer Confidence Index is widely used to evaluate the health of the Australian economy and serves as an essential information source for policymakers and investors. Notably, unexpected index values can significantly impact financial markets, highlighting its relevance and influence.
| Date | Value | Related Instruments Price Volatility | ||||||||
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| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
