Australia - Westpac Consumer Confidence for April down 4% m/m to 95.1

  • prior was -2.2% m/m to 99.7

Yesterday we got Business confidence (and conditions)

The weekly data from ANZ/Roy Morgan has been showing falling consumer confidence, so this shouldn't come as too much of a surprise

  • Index is now 6.4% below its reading six months ago
  • Four of the five components of the Index fell in April

Comments from Westpac on today's result:

  • 'Disappointing'
  • appears that international and market developments continue to create unease for respondents although the signals are mixed
  • Australian sharemarket fell 3% over the month
  • Media coverage on China continues to highlight risks
  • On the other hand the US sharemarket rose 2.4%
  • Specific sentiment towards housing fell sharply


C'mon Aussie consumers, get confident!

Just follow these steps:

1. Turn off the TV (Srsly ... are you really enjoying all those awful cooking and house-flipping shows?)

2. Get off the couch

3. Stand up

4. Adopt the 'Wonder Woman Power Pose'