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Westpac Consumer Confidence

Westpac Consumer Confidence

Posted by Trader On January - 30 - 2009













The index shows the consumers’ optimism concerning the Australian’s economical conditions. This index is calculated on the basis of monthly survey, in which various responders estimate the prospects of country’s economy. It shows the medium influence on financial market, because it can easily display the real country’s economical state. Besides, the consumer’s confidence index is often used to make a prognosis concerning employment-population ratio and general economical state. The growth of the index will influence positively the national currency. Its decrease will lead to the slump of AU dollar.

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