Australia Westpac Consumer Confidence Index for June: +6.3% m/m (prior +16.4%)
This is the monthly measure (the weekly numbers were out earlier, first drop in a couple of months!)
Westpac Consumer Confidence Index for June up 6.3% on the month to 93.7
prior +16.4% m/m to 88.1
- Confidence has clearly been buoyed by Australia's continued success in bringing the Coronavirus under control
- has in turn allowed for a further easing in social restrictions over the last month
- The Index is now only 2% below the average in the preceding September to February period.
- Note that sentiment was already on the weak side prior to the COVID shock with the Index through this earlier period showing a persistent excess of pessimists over optimists.