Australia Consumer Confidence MoM

Australia’s Westpac-Melbourne Institute Consumer Sentiment Index rose by 2.2% mom to 92.1 in May 2025, rebounding from a 6.0% fall in April and marking the third increase this year amid a recovery in financial markets and an outcome of the Federal election. The ‘family finances vs a year ago’ sub-index jumped 7.0% to 75.1, even as expectations for family finances over the next 12 months fell by 0.8% to 100.7. Sentiment toward economic conditions for the year ahead increased 2.8% to 93.0, and the outlook for the next five years edged up 0.2% to 98.6. The ‘time to buy a major household item’ index also improved, up 3.5% to 93.2. Unemployment expectations fell 2.1% to 121.3, remaining below the long-run average of 129. Mathew Hassan, Head of Australian Macro-Forecasting, noted that all measures of inflation are now back within the central bank’s 2–3% target, but added that current policy settings continue to weigh on consumers.