Australia May Westpac/Melbourne Consumer Confidence Index
Westpac Banking Corporation and Melbourne Institute announced the Australia May Westpac/Melbourne Consumer Confidence Index on 2025-05-13. The reported figure stands at 92.1, with the prior figure recorded as 90.1.
Regarding the Australia May Westpac/Melbourne Consumer Confidence Index, Actual value > forecast value = bullish for the Australian dollar, The West Pacific Consumer Sentiment Index is an indicator that measures the level of consumer confidence in economic activity. It is a leading indicator because it can predict consumer spending, which is a major component of overall economic activity. A higher index indicates higher consumer optimism.
This data holds an importance level of , calculated using The indicator is obtained by asking about 1,200 consumers their evaluation of future economic development, and updates monthly.
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