Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. The Melbourne Institute and Westpac Bank Consumer Sentiment Index for Australia declined by 9.5% month-on-month to 79.5 in August 2020, after a 6.1% drop in July as Victoria's lockdown caused fears across Australia, with all five components declining. Also, the ‘finances vs a year ago’ sub-index increased 5.5% to 74.3, supported by the JobKeeper plan as well as temporary relief for mortgage and rental payments and finances for the next 12 months sub-index went up 12.2% to a 1-year high of 102.The Consumer Sentiment Index is based on a survey of over 1,200 Australian households.

Finances for the next 12 months sub-index advanced 3.3% to a 105.3.The Melbourne Institute and Westpac Bank Consumer Sentiment Index for Australia surged 16.4% over a month earlier to 88.1 in May 2020. The Melbourne Institute and Westpac Bank Consumer Sentiment Index for Australia declined by 6.1% month-on-month to 87.9 in July 2020, after a 6.3% rise in June on the back of the renewed surge in COVID-19 cases in Victoria and following reintroduction of lockdown restrictions in Melbourne. By contrast, the ‘finances vs a year ago’ sub-index went up 2.5% to 78.9, reflecting significant reopening boosts in other states and government income support packages that offset the negative impact of Melbourne's renewed lockdown.The Melbourne Institute and Westpac Bank Consumer Sentiment Index for Australia rose by 6.3% month-on-month to 93.7 in June 2020, after a 16.4% surge in May.

12/08/20 - Westpac-MI Consumer Sentiment August (PDF 138KB) 22/07/20 - Westpac-MI Leading Index June (PDF 125KB) 15/07/20 - Westpac-MI Consumer Sentiment July (PDF 139KB) On the index, a level above 100.0 indicates optimism; below indicates pessimism. These may change or we may introduce new ones in the future. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. It was the biggest monthly rise on record, recouping most of previous month's drop as the country began to ease coronavirus lockdown measures.

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Westpac Banking : MI Consumer Sentiment August (PDF 169KB) 0.

Also, time to buy a major household item slumped 13.2% to 90.4, due to rising concerns around health risks and more uncertainty around income look. We use cookies to secure and tailor your web use. The Westpac Consumer Sentiment Index measures the change in the level of consumer confidence in economic activity. The retreat almost took the index back to … The Westpac-Melbourne Institute Index of Consumer Sentiment fell 6.1% to 87.9 in July from 93.7 in June. The Westpac-Melbourne Institute index of consumer sentiment sank 9.5% in August from July, when it dropped 6.1%. The financial carnage of the coronavirus-induced crisis is weighing heavily on the economy and business sentiment as revealed in the plunging Westpac consumer confidence index. On the index, a level above 100.0 indicates optimism; below indicates pessimism. Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data.

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Read the disclosure documents for your selected product or service, including the Economic conditions for the next 12 months recorded the biggest fall, tumbling 19.2% to 66.4 amid fears that the damage from the virus would be prolonged; conditions for the next 5 years plunged 8.7% to 83.9; finances for the next 12 months sub-index sank 7.3% to 91.1, and finances vs a year ago fell 0.4% to 78.6. This information does not take your personal objectives, circumstances or needs into account. Lending criteria apply to approval of credit products. The index is now only 2% below the average in the preceding September to February period, highlighting Australia’s continued success in bringing the COVID-19 under control. Economic conditions for the next 12 months jumped 32.6% to 71.2 on the prospects of an earlier than expected reopening for the economy, and conditions for the next 5 years rose 10.7% to a nine-month high of 96.3 as households were confident that the economy will cope with the health crisis.

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