Australia Consumer Sentiment Update

Australian consumer sentiment rose 3.5% in May to 83.0 but stays well below the 100.1 long-run average. Improvement in family finance perceptions was offset by record-low sentiment in the housing sector and deteriorating economic outlooks.

Key Takeaways

• 1.Australian consumer sentiment rose 3.5% month-on-month to 83.0, but remains significantly below its historical average of 100.1.
• 2.Family finances improved during the month, rebounding from previous lows, though perceptions of future economic conditions worsened.
• 3.Housing market sentiment continues to deteriorate sharply, with the 'time to buy a dwelling' index falling 16.1% to near-record lows.

Table of Contents

• Main points:
• The Australia and NZ Economics Team
• Disclosure Appendix
• Global product; distributing entities
• General disclosures

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