The Westpac Consumer Confidence Index measures consumer sentiment in Australia based on a survey of over 1,200 households. The index averages five components that assess household financial situations and expectations regarding economic conditions. Scores above 100 indicate that optimists outweigh pessimists, making it a useful gauge for consumer spending trends and economic outlook.
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.