Australia May Westpac/Melbourne Consumer Confidence Index MoM
Westpac Banking Corporation and Melbourne Institute announced the Australia May Westpac/Melbourne Consumer Confidence Index MoM on 2025-05-13. The reported figure stands at 2.2%, with the prior figure recorded as -6.00%.
Regarding the Australia May Westpac/Melbourne Consumer Confidence Index MoM, Actual value > Expected value = Positive for AUD, 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 greater consumer optimism. Therefore, if the index is higher than expected, the Australian dollar should be considered strong/bullish, while if the index is lower than expected, the Australian dollar should be considered weak/bearish.
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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