FOREX TradingCharts.com

Financial News: Australia Westpac Consumer Confidence Rises For First Time

Australia Westpac Consumer Confidence Rises For First Time In 10 Months

09/13/2022 - 01:53:00 (RTTNews)

(RTTNews) - Australia's consumer sentiment improved for the first time in ten months in September, survey data from Westpac showed on Tuesday.

The consumer sentiment index rose by 3.9 percent to 84.4 from 81.2 in August. This was the first increase since November 2021. Nonetheless, the index suggested that pessimists still greatly outnumber optimists.

Four of the five sub-indexes recorded gains in September. The sub-index tracking assessments of 'family finances vs a year ago' was the only one to record a fall, down 4.8 percent to a 10-year low of 68.6.

That was offset by a better outlook for the 'family finances, next 12 months' sub-index, which climbed 4.7 percent to 92.3.

The 'time to buy a major household item' moved up 2.8 percent but still at a very weak level of 83.7 in September, the survey showed.

Consumer views on the economic outlook also improved. The 'economy, next 12 months' sub-index posted a particularly strong 12.5 percent surge and the 'economy, next 5 years' sub-index was up 4.2 percent to 94.5 in September.

Housing-related sentiment improved slightly in September. The 'time to buy a dwelling' index lifted 2.9 percent to 80.5. But the index was still down 39 percent from its peak in November 2020.

The index of house price expectations gained 3.6 percent to 100.6, nudging back into slight positive territory. Meanwhile, the unemployment expectations index dipped below 100 again in September, meaning consumers expect unemployment to fall rather than rise over the next 12 months.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Norway Industrial Production Grows For Second Month (45 min(s), 33 sec(s) ago)
(RTTNews) - Norway's industrial production increased for the second straight month in August, ...Full Story»

UK Job Placement Growth At 19-Month Low: Report On Jobs (01 hr(s), 09 min(s), 33 sec(s) ago)
(RTTNews) - UK job placements expanded at the weakest pace in over a year-and-a-half in September ...Full Story»

German Industrial Production Shrinks; Retail Sales Fall (01 hr(s), 25 min(s), 33 sec(s) ago)
(RTTNews) - Germany's industrial production declined more than expected in August as raw mater ...Full Story»

UK House Price Inflation At 8-Month Low : Halifax (01 hr(s), 40 min(s), 33 sec(s) ago)
(RTTNews) - UK house price inflation eased for the third straight month in September to the lowest ...Full Story»

Australia's Financial System Remains Resilient: RBA (02 hr(s), 40 min(s), 33 sec(s) ago)
(RTTNews) - Australia's financial system remained resilient and well positioned to support the ...Full Story»

Japan Leading Index Rises In August (02 hr(s), 49 min(s), 33 sec(s) ago)
(RTTNews) - Japan's leading index improved for the first time in four months in August, prelim ...Full Story»

European Economics Preview: Germany Industrial Output Data Due (05 hr(s), 08 min(s), 33 sec(s) ago)
(RTTNews) - Industrial production and retail sales from Germany and house prices from the UK are d ...Full Story»

Japan Household Spending Rises 5.1% On Year In August (21 min(s), 27 sec(s) ago)
(RTTNews) - The average of household spending in Japan was up 5.1 percent on year in August, the M ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Norway Industrial Production Grows For Second Month

10/07/2022 - 04:30 AM (RTTNews)
(RTTNews) - Norway's industrial production increased for the second straight month in August, ...Full Story>>

UK Job Placement Growth At 19-Month Low: Report On Jobs

10/07/2022 - 04:06 AM (RTTNews)
(RTTNews) - UK job placements expanded at the weakest pace in over a year-and-a-half in September ...Full Story>>

German Industrial Production Shrinks; Retail Sales Fall

10/07/2022 - 03:50 AM (RTTNews)
(RTTNews) - Germany's industrial production declined more than expected in August as raw mater ...Full Story>>

UK House Price Inflation At 8-Month Low : Halifax

10/07/2022 - 03:35 AM (RTTNews)
(RTTNews) - UK house price inflation eased for the third straight month in September to the lowest ...Full Story>>

Australia's Financial System Remains Resilient: RBA

10/07/2022 - 02:35 AM (RTTNews)
(RTTNews) - Australia's financial system remained resilient and well positioned to support the ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.