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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Westpac Consumer Confidence Change climbed to -4.7% in October 2026
FMPMonthlyReleased October 2026
Australia Westpac Consumer Confidence Change climbed to -4.7% in October 2026, up 0.5% from September's -5.2% reading. The reading missed the -1.2% consensus by 3.5%. The print is running well below the 12-month average of -0.82%. Over the past 3 months, Westpac Consumer Confidence Change averaged 1.63%, vs -3.97% in the prior 3-month window. The reading is in the 18th percentile of the trailing 24-month range.
Latest Release
-4.7
Actual
-1.2
Consensus
-5.2
Previous
Median Absolute Error
±4.77 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: 0.23
Actual: -4.7
Error: +4.93
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| AUD/USD | ▼ Inverse | −0.44 | FOREX | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.39 | CRYPTO | Moves against | → View |
| USD/JPY | ▲ Direct | +0.32 | FOREX | Moves with | → View |
| AUD/JPY | ▼ Inverse | −0.26 | FOREX | Moves against | → 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 -4.7% in October 2026. This missed the market consensus of -1.2% by 3.5%. The reading rose from the previous value of -5.2%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 0.14%, ranging from -9% to 12.8% across 11 releases. This is classified as a high-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged -1.3%, down from the prior three at 1.57%. Volatility over the past year (σ 5.86%) is higher than the prior year (σ 3.47%). In October readings over the past 3 years, Westpac Consumer Confidence Change has averaged -1.38%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with AUD/USD (Bearish AUD). A secondary relationship exists with BTC/USD, negatively correlated (Bearish BTC). Over the last 12 releases, the Sigmacast model's median absolute error is 4.77%.
WHAT TO WATCH NEXT
The next release is scheduled for November 9, 2026. Same-country events in the next 14 days include CFTC AUD speculative net positions (Oct 30) and Building Permits MoM (Nov 2).
Auto-generated from current model state · Refreshes on each release · Last update October 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 (Oct 2026): actual -4.7 %, consensus -1.2 %. Prior reading (Sep 2026): -5.2 %. Before that (Aug 2026): 6 %.
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/USD (Bearish AUD, r=-0.44) — a useful reference for forex-focused traders.
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Economic Calendar - AU Events
| Thursday, October 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 00:30 | AU | Import Prices QoQ | -1.1 | 5.7 | 1.3 | 0.10 | Low |
| 00:30 | AU | Export Prices QoQ | 1.4 | 1.1 | 1.3 | 1.35 | Low |
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 00:30 | AU | Private Sector Credit YoY | 8.4 | 8.4 | 8.2 | 8.32 | Low |
| 00:30 | AU | Housing Credit MoM | 0.4 | 0.4 | 0.4 | 0.43 | Low |
| 00:30 | AU | Private Sector Credit MoM | 0.6 | 0.6 | 0.5 | 0.57 | Low |
| 00:30 | AU | Producer Price Index QoQ | 1.1 | 1.3 | 1 | 1.27 | Medium |
| 00:30 | AU | Producer Price Index YoY | 3.6 | 3.6 | 4.5 | 4.55 | Low |