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Australia Consumer Confidence

Discussion in 'Market News' started by Sam, Oct 14, 2015.

  1. Sam

    Sam Forum Member

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    Consumer Confidence in Australia increased by 4.2 percent to 97.80 in October of 2015 from 93.90 in September and beating market forecasts. The rise in index is attributed to: the changes in the country's leadership, recent recoveries in the Australian dollar and the stock market, and a steady improvement in the labor market. With 100 as the key, the latest data showed pessimists still outnumber optimists. The index has been below 100 for 18 of the last 20 readings. Consumer Confidence in Australia averaged 101.73 from 1974 until 2015, reaching an all time high of 127.67 in January of 2005 and a record low of 64.61 in November of 1990. Consumer Confidence in Australia is reported by the Westpac Banking Corporation, Melbourne Institute. 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.

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