Westpac Consumer Confidence Index

DEFINITION of 'Westpac Consumer Confidence Index'

An index measuring the level of consumer confidence in Australia. The Westpac consumer confidence index is published by the Westpac group and is used to measure household economic expectations by averaging five different indexes that measure separate aspects of consumer sentiment and fiscal health.

BREAKING DOWN 'Westpac Consumer Confidence Index'

The Westpac consumer confidence index measures household views on current buying conditions in Australia, their views on eco-political policies such as taxation, their views on where they would invest at the present time and their views on economic news like inflation and employment numbers. The Westpac Group published numerous economic reports intended to measure Australia's economic climate, including retail sales figures, GDP figures and interest rate expectations.

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RELATED FAQS
  1. What's the difference between consumer confidence and consumer sentiment?

    There isn't a difference between consumer confidence and consumer sentiment. Both terms are used to refer to the degree of ... Read Answer >>
  2. How should an investor interpret the consumer and business confidence index when ...

    Learn how investors benefit from watching the consumer and business confidence indexes, along with other key metrics, when ... Read Answer >>
  3. Why should an investor in the retail sector consider the Consumer Confidence Index?

    Learn how the Consumer Confidence Index works and why it is such a valuable tool for retail investors to predict future consumer ... Read Answer >>
  4. What economic indicators are important to consider when investing in the retail sector?

    Learn why the unemployment rate and Consumer Confidence Index are two of the best economic indicators when investing in the ... Read Answer >>
  5. Which economic factors most affect the demand for consumer goods?

    Understand how key economic factors such as inflation, unemployment, interest rates and consumer confidence affect the level ... Read Answer >>
  6. What is the relationship between the PPI and the CPI?

    First, let's take a look at what these two acronyms mean: the PPI is the producer price index and the CPI is the consumer ... Read Answer >>
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