Westpac-MI Consumer Sentiment
a.k.a. Westpac consumer sentiment, Westpac-Melbourne Institute Consumer Sentiment
A monthly survey of how confident Australian households feel about their finances and the economy.
In plain English
A monthly survey of how confident Australian households feel about their finances and the economy.
Westpac-MI Consumer Sentiment comes from Westpac bank and the Melbourne Institute. It asks Australians about their family finances, the economic outlook and whether it is a good time to buy big items. Above 100, optimists outnumber pessimists; below 100, the reverse.
Household spending is a big part of Australia's economy, so the survey can nudge the Aussie dollar and shape expectations for the RBA.
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