Buz Investors Australian Westpac consumer confidence The Westpac-Melbourne Institute Consumer Sentiment Index for Australia rose 0.1 percent to 99.7 in March 2017, compared to a 2.3 0.1 percent rise February. While expectations for the economic outlook over the next 12 months increased by 1.6 percent, expectations for the economic conditions for the next five years went up 3.9 percent and the gauge for whether this was a good time to buy major household items advanced by 0.1 percent. In contrast, the measure of family finances over the next 12 months declined by 0.2 percent. Consumer Confidence in Australia averaged 101.37 from 1974 until 2017, reaching an all time high of 123.94 in May of 2007 and a record low of 64.61 in November of 1990.
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 March of 2017.
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