Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Westpac Consumer Confidence fell to 102.1 in June 2013
FMPMonthlyReleased July 2013
Australia Westpac Consumer Confidence fell to 102.1 in June 2013, released July 2013, down 0.1 from May's 102.2 reading.
Latest Release
102.100000
Actual
—
Consensus
102.200000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| AUD/USD | ▲ Direct | +0.55 | FOREX | Bullish AUD | → View |
| AUD/JPY | ▲ Direct | +0.45 | FOREX | Bullish AUD | → View |
| AUD/NZD | ▲ Direct | +0.40 | FOREX | Bullish AUD | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| NZD/USD | ▲ Direct | +0.35 | FOREX | Bullish NZD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Westpac Consumer Confidence (Australia) was reported at 102.10 in July 2013. The reading fell from the previous value of 102.20. This is classified as a high-impact indicator released on a monthly basis.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with AUD/USD (Bullish AUD). A secondary relationship exists with AUD/JPY, positively correlated (Bullish AUD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Construction Work Done QoQ (May 27) and Inflation Rate YoY (May 27).
Auto-generated from current model state · Refreshes on each release · Last update July 2013.
SHARE
Westpac Consumer Confidence - AU
Loading chart data...
About Westpac Consumer Confidence — Australia
DEFINITION
Westpac Consumer Confidence is a widely recognized financial indicator that measures the level of optimism or pessimism among consumers in Australia regarding their current and future economic situation. This indicator is based on a survey of over 1,200 households and provides valuable insights into consumer spending patterns and overall economic sentiment. It is considered a key indicator of the health of the Australian economy and is closely monitored by investors, businesses, and policymakers. A higher reading indicates increased consumer confidence and is generally seen as a positive sign for economic growth, while a lower reading may signal potential economic downturn.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus typically move rates and currencies on release. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2013): actual 102.1. Prior reading (Jun 2013): 102.2. Before that (May 2013): 97.59.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with AUD/USD (Bullish AUD, r=0.55) — a useful reference for forex-focused traders.