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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Westpac Consumer Confidence Change fell to -2.9% in June 2026
FMPMonthlyReleased June 2026
Australia Westpac Consumer Confidence Change fell to -2.9% in June 2026, down 6.4% from May's 3.5% reading. The reading missed the -1.2% consensus by 1.7%. The print is running well below the 12-month average of -1.01%. Over the past 3 months, Westpac Consumer Confidence Change averaged -4.5%, vs -3.03% in the prior 3-month window. The reading is in the 25th percentile of the trailing 24-month range.
Latest Release
-2.9
Actual
-1.2
Consensus
3.5
Previous
Median Absolute Error
±5.06 percentage points
across last 12 releases
Last Call
Jun 2026
Predicted: 1.1
Actual: -2.9
Error: +4
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/NZD | ▼ Inverse | −0.52 | FOREX | Bearish AUD | → View |
| AUD/USD | ▼ Inverse | −0.47 | FOREX | Bearish AUD | → View |
| AUD/JPY | ▼ Inverse | −0.46 | FOREX | Bearish AUD | → View |
| BTC/USD | ▼ Inverse | −0.44 | CRYPTO | Bearish BTC | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Westpac Consumer Confidence Change (Australia) was reported at -2.9% in June 2026. This missed the market consensus of -1.2% by 1.7%. The reading fell from the previous value of 3.5%. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged -0.21%, ranging from -9% to 12.8% across 12 releases. This is classified as a high-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 0.6%, up from the prior three at -4.43%. Volatility over the past year (σ 5.35%) is higher than the prior year (σ 3.14%). In June readings over the past 3 years, Westpac Consumer Confidence Change has averaged -0.23%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with AUD/NZD (Bearish AUD). A secondary relationship exists with AUD/USD, negatively correlated (Bearish AUD). Over the last 12 releases, the Sigmacast model's median absolute error is 5.06%.
WHAT TO WATCH NEXT
The next release is scheduled for July 14, 2026. Same-country events in the next 14 days include Interest Rate Decision (Jun 16) and RBA Rate Statement (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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Westpac Consumer Confidence Change - AU
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About Westpac Consumer Confidence Change — Australia
DEFINITION
The Westpac Consumer Confidence Change is a key financial indicator that measures the level of optimism or pessimism among consumers in Australia regarding their personal finances and the overall state of the economy. It is based on a survey conducted by Westpac, one of Australia's leading banks, and provides valuable insights into consumer spending and economic trends. A positive change in this indicator indicates an increase in consumer confidence, which can lead to higher levels of spending and economic growth, while a negative change may signal a decrease in consumer confidence and potential economic downturn. As such, the Westpac Consumer Confidence Change is closely monitored by investors, businesses, and policymakers as a gauge of consumer sentiment and economic health.
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. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2026): actual -2.9 %, consensus -1.2 %. Prior reading (May 2026): 3.5 %. Before that (Apr 2026): -12.5 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower 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/NZD (Bearish AUD, r=-0.52) — a useful reference for forex-focused traders.