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Westpac Consumer Confidence

This indicator measures the level of consumer confidence in the current economic conditions. The indicator is calculated on the basis of monthly survey in which respondents assess the prospects of the economy. It has a moderate impact on the financial market, since it may not reflect the real economic situation in the country. Nevertheless, the consumer confidence index has traditionally been used for the prediction on trends of employment and the general state of the economy. The growth of the indicator is a positive factor for the currency. Its decline, in contrast, leads to a fall of the Australian dollar.

  • Release Frequency: monthly.
  • Release Schedule: 00:30 GMT.
  • Source: Australian Industry Group.