On September 9, 2025, Westpac and the Melbourne Institute released Australia's Consumer Confidence Index for October, reporting a reading of 95.4. No consensus forecast was provided, while the previous value was also 95.4.This indicator, defined as the Westpac Consumer Sentiment Index, serves as a key gauge of consumer confidence within economic activity. It is regarded as a leading indicator, as it can anticipate consumer spending—a primary component of overall economic activity. A higher index value typically reflects increased consumer optimism.The importance level of this data is rated at 1. The index is compiled by surveying approximately 1,200 consumers about their outlook on future economic conditions. It is released monthly, with the next publication scheduled for November 11, 2025.
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