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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Westpac Consumer Confidence Change climbed to 4.1% in July 2026
FMPMonthlyReleased July 2026
Australia Westpac Consumer Confidence Change climbed to 4.1% in July 2026, up 7.0% from June's -2.9% reading. The print exceeded the 2.5% consensus by 1.6%. The print is running well above the 12-month average of -1.3%. Over the past 3 months, Westpac Consumer Confidence Change averaged 0.3%, vs -4.63% in the prior 3-month window. Westpac Consumer Confidence Change is now the highest in 7 months.
Latest Release
4.1
Actual
2.5
Consensus
-2.9
Previous
Median Absolute Error
±5.06 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 3.23
Actual: 4.1
Error: -0.87
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/NZD | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| AUD/JPY | ▼ Inverse | −0.41 | FOREX | Moves against | → View |
| AUD/USD | ▼ Inverse | −0.32 | FOREX | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.29 | CRYPTO | 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 4.1% in July 2026. This beat the market consensus of 2.5% by 1.6%. The reading rose from the previous value of -2.9%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 0.08%, 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 1.57%, up from the prior three at -1.03%. Volatility over the past year (σ 5.48%) is higher than the prior year (σ 3.21%). In July readings over the past 3 years, Westpac Consumer Confidence Change has averaged 1.2%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with AUD/NZD (Bearish AUD). A secondary relationship exists with AUD/JPY, 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 August 18, 2026. Same-country events in the next 14 days include CFTC AUD speculative net positions (Jul 31) and Ai Group Industry Index (Aug 4).
Auto-generated from current model state · Refreshes on each release · Last update July 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 (Jul 2026): actual 4.1 %, consensus 2.5 %. Prior reading (Jun 2026): -2.9 %. Before that (May 2026): 3.5 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with AUD/NZD (Bearish AUD, r=-0.50) — a useful reference for forex-focused traders.
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Economic Calendar - AU Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 01:30 | AU | Building Permits MoM | 7.2 | -1.6 | -1 | 0.90 | Medium |
| 01:30 | AU | Import Price Index QoQ | 5.7 | 0.1 | 0 | 2.85 | Low |
| 01:30 | AU | Building Permits YoY | 8.9 | 5.5 | -0.1 | 1.10 | Low |
| 01:30 | AU | Import Prices QoQ | 5.7 | 0.1 | 0 | 2.85 | Low |
| 01:30 | AU | Private House Approvals MoM | 0.4 | 2.8 | -1 | -0.38 | Low |
| 01:30 | AU | Export Prices QoQ | 1.1 | 0.5 | 0.5 | 0.80 | Low |
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 01:30 | AU | Housing Credit MoM | 0.6 | 0.6 | 0.5 | 0.55 | Low |
| 01:30 | AU | Producer Price Index YoY | 3.6 | 3 | 2.5 | 2.50 | Low |
| 01:30 | AU | Producer Price Index QoQ | 1.3 | 0.4 | 0.3 | 0.42 | Medium |
| 01:30 | AU | Private Sector Credit MoM | 0.8 | 0.7 | 0.6 | 0.70 | Low |
| 01:30 | AU | Private Sector Credit YoY | 8.5 | 8.2 | 8.2 | 8.35 | Low |