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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Westpac Consumer Confidence Index fell to 80.4 in October 2026
FMPMonthlyReleased October 2026
Australia Westpac Consumer Confidence Index fell to 80.4 in October 2026, down 4 from September's 84.4 reading. The reading matched the 83.4 consensus. Westpac Consumer Confidence Index has now declined for 3 consecutive months. Over the past 3 months, Westpac Consumer Confidence Index averaged 85.73, vs 81.23 in the prior 3-month window. The reading is in the 6th percentile of the trailing 24-month range.
Latest Release
80.4
Actual
83.4
Consensus
84.4
Previous
Median Absolute Error
±4.1
across last 12 releases
Last Call
Oct 2026
Predicted: 84.6
Actual: 80.4
Error: +4.2
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 |
|---|---|---|---|---|---|
| BTC/USD | ▼ Inverse | −0.43 | CRYPTO | Moves against | → View |
| AUD/USD | ▼ Inverse | −0.39 | FOREX | Moves against | → View |
| USD/JPY | ▲ Direct | +0.27 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Westpac Consumer Confidence Index (Australia) was reported at 80.40 in October 2026. This missed the market consensus of 83.40 by 3.00. The reading fell from the previous value of 84.40. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 88.59, ranging from 80.40 to 103.80 across 11 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 84.57, up from the prior three at 82.50. Volatility over the past year (σ 6.74) is higher than the prior year (σ 2.11). In October readings over the past 3 years, Westpac Consumer Confidence Index has averaged 88.60.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with BTC/USD (Bearish BTC). A secondary relationship exists with AUD/USD, negatively correlated (Bearish AUD). Over the last 12 releases, the Sigmacast model's median absolute error is 4.10.
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 Index - AU
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About Westpac Consumer Confidence Index — Australia
DEFINITION
The WESTPAC Consumer Confidence Index is a widely recognized financial indicator that measures the level of optimism or pessimism among consumers in Australia. It is based on a survey of consumer attitudes towards current economic conditions, future expectations, and purchasing intentions. This index provides valuable insights into consumer spending patterns and can be used by businesses and investors to gauge the overall health of the economy and make informed decisions. With its long history and strong track record, the WESTPAC Consumer Confidence Index is a trusted tool for assessing consumer sentiment and predicting future economic trends.
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 can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Oct 2026): actual 80.4 %, consensus 83.4 %. Prior reading (Sep 2026): 84.4 %. Before that (Aug 2026): 88.9 %.
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 BTC/USD (Bearish BTC, r=-0.43) — a useful reference for crypto-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 |