The Westpac Consumer Confidence Change measures the change in consumer sentiment in Australia compared with the previous month. Based on a survey of over 1,200 households, it assesses perceptions of personal financial situations, anticipated economic conditions, and buying conditions for major household items. Higher index scores indicate greater consumer optimism, which can provide insight into future spending and economic activity.
A higher than expected figure should be seen as positive (bullish) for the AUD while a lower than expected figure should be seen as negative (bearish) for the AUD.