Consumer Opinion Surveys: Composite Consumer Confidence for Australia
CSCICP02AUM460S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-7.00
Year-over-Year Change
-56.25%
Date Range
9/1/1974 - 6/1/2025
Summary
The Consumer Opinion Surveys: Composite Consumer Confidence for Australia index measures the overall sentiment and expectations of Australian consumers. It is a key economic indicator used to gauge consumer spending and the broader state of the Australian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Composite Consumer Confidence index aggregates survey responses from Australian households on their personal financial situation, the general economic condition, and purchasing intentions. It provides a comprehensive view of consumer sentiment that informs policymakers and market analysts.
Methodology
The data is collected through monthly household surveys conducted by the Westpac-Melbourne Institute.
Historical Context
The consumer confidence index is closely watched by the Reserve Bank of Australia and other institutions to assess the health of the Australian economy.
Key Facts
- The index ranges from 0 to 200, with 100 indicating a neutral level of confidence.
- Australia's consumer confidence reached an all-time high of 133.8 in May 2021.
- Consumer confidence is a leading indicator of future spending and economic growth.
FAQs
Q: What does this economic trend measure?
A: The Consumer Opinion Surveys: Composite Consumer Confidence for Australia index measures the overall sentiment and expectations of Australian consumers, including their views on personal finances and the broader economy.
Q: Why is this trend relevant for users or analysts?
A: Consumer confidence is a leading indicator of future spending and economic growth, making it an important metric for policymakers, businesses, and investors to monitor.
Q: How is this data collected or calculated?
A: The data is collected through monthly household surveys conducted by the Westpac-Melbourne Institute.
Q: How is this trend used in economic policy?
A: The consumer confidence index is closely watched by the Reserve Bank of Australia and other institutions to assess the health of the Australian economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The consumer confidence data is released monthly, with a typical lag of around 2-3 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Consumer Opinion Surveys: Composite Consumer Confidence for Australia (CSCICP02AUM460S), retrieved from FRED.