Just as retailers and consumers alike gear up for what they hope to be a good Christmas, the Westpac Melbourne Institute Index of Consumer Sentiment shows there was a fall in consumer confidence from November to December.
The housing market has helped boost consumer confidence in November with the Westpac Melbourne Institute Index of Consumer Sentiment increasing by 1.9 per cent from 108.3 in October to 110.3.
Following a solid jump in September, which was largely influenced by the expected election result, the Westpac Melbourne Institute Index of Consumer Sentiment for October has fallen by 2.1 per cent.
The Reserve Banks' latest decision to reduce the cash rate by another 0.25 per cent earlier this month has helped lift consumer sentiment for August.
In the wake of Budget, the Westpac Melbourne Institute Index of Consumer Sentiment fell 7 per cent from 104.9 in April to 97.6 in May – the lowest since August 2012.
Positivity is all around us with consumer sentiment rising by a buoyant 7.7 per cent in February.
Consumer confidence has taken a surprising tumble in December.
There are possible hopes that consumer confidence may jump back up by the end of the year after the Westpac Melbourne Institute Index of Consumer Sentiment rose by 1.6 per cent in September from 96.6 in August to 98.2 in September.
Consumer sentiment increased by 0.8 per cent in May from 94.5 in April to 95.3, according to the Westpac Melbourne Institute Index of Consumer Sentiment.
The Westpac-Melbourne Institute leading index shows the annualised growth rate of the index was 2.4 per cent in February 2012.
Financial concerns are on the mind of consumers so much so the Westpac Melbourne Institute Index of Consumer Sentiment fell by 1.6 per cent from 96.1 in March to 94.5 in April.
Consumer sentiment has increased slightly in February by 4.2 per cent from 96.1 in January to 101.1, according to the Westpac–Melbourne institute index of consumer sentiment
Despite poor Christmas sale results, consumer sentiment has made a modest recovery as it increase by 2.4 per cent from 94.7 in December to 97.1 in January.
Despite the second rate cut from the Reserve Bank, consumer sentiment has fallen by 8.3 per cent in December from 103.4 in November to 94.7.
The RBA's decision to cut rates by 0.25 per cent has helped boost consumer sentiment by 6.3 per cent in November.
Consumer sentiment is ever slowly creeping upwards with the Westpac-Melbourne Institute Index of Consumer Sentiment reporting a 0.4 per cent increase in October
The latest results of he Westpac Melbourne Institute Index of Consumer Sentiment show that consumer sentiment rose by 8.1 per cent from 89.6 in August to 96.9 in September.
Westpac chief economist Bill Evans says after a fall of 8.3 per cent in July, the index is now at its lowest level since May 2009.
The annualised growth rate of the Index, which indicates the likely pace of economic activity three to nine months into the future, was 1.6 per cent in May 2011.
Consumer sentiment has taken a sharp 8.3 per cent fall from 101.2 in June to 92.8 in July, the Westpac-Melbourne Institute Index of Consumer Sentiment reported.
New figures revealing consumers are cautious about spending in Australia are reflected in the increase in preference for debit over credit card use, according to eftpos Australia Payments Limited manager Bruce Mansfield.
Consumer sentiment has dropped to its lowest level in two years, the Westpac-Melbourne Institute Index revealed today.
The annualised growth rate of the Westpac–Melbourne Institute Leading Index was 5.3 per cent in March 2011, above its long term trend of 3.4 per cent.
he Westpac-Melbourne Institute Index of Consumer Sentiment reported a 1.3 per cent fall in consumer sentiment to 103.9 in May from 105.3 in April.
Consumer sentiment has rose 1.2 per cent from 104.1 in March to 105.3 in April, according to the Westpac-Melbourne Institute index of consumer sentiment figures.
Retailers should be celebrating after a key measure of Australia's consumer confidence rebounded modestly by 1.9 per cent in February from 104.6 in January to 106.6 in February.
A 6.7 per cent annualised growth rate has been recorded in the latest Westpac-Melbourne Institute Leading Index for October.