What happened
Actual -4.7% came in. Previous was -5.2%, now higher than that.
What it means
How confident people or companies feel about the future. When confidence rises, spending and investment usually rise too.
High impact · 🇦🇺 AUD · Latest releaseGuide
Australia Westpac Consumer Confidence Change
Released · Oct
Actual-4.7%
Forecast—
Previous-5.2%
Next release
All times are shown in your own time zone.
What is this news
This is an important data release for the AUD economy, released by Westpac Banking Corporation, Melbourne Institute. Released by Westpac Banking Corporation, Melbourne Institute. This comes every month.
How important it is
Traders watch whether the economy is running faster or slower than expected, because this can change interest rate expectations. This is a High impact event on FxGram: AUD pairs often see sharp moves at this time.
What this data does
Generally, if the data comes in better than forecast, it is seen as a sign of economic strength; if weaker, the opposite.
This is just general knowledge (textbook), not a prediction for this release. The market may react differently. This is not buy-sell advice.
Previous releases
| Date | Actual | Forecast | Previous |
|---|---|---|---|
| Oct | -4.7% | — | -5.2% |
| Sep | -5.2% | — | 6% |
| Aug | 6% | — | 4.1% |
| Jul | 4.1% | — | -2.9% |
| Jun | -2.9% | — | 3.5% |
| May | 3.5% | — | -12.5% |
| Apr | -12.5% | — | 1.2% |
| Mar | 1.2% | — | -2.6% |
| Feb | -2.6% | — | -1.7% |
| Jan | -1.7% | — | -9% |
| Dec | -9% | — | 12.8% |
| Nov | 12.8% | — | -3.5% |
| Oct | -3.5% | — | -3.1% |
| Sep | -3.1% | — | 5.7% |
| Aug | 5.7% | — | 0.6% |
Data: Westpac Banking Corporation, Melbourne Institute, via TradingView economic calendar.
See full calendar