Australian Consumer Sentiment Edges Up as RBA Seen Cutting Rates

Australian Consumer Sentiment Edges Up as RBA Seen Cutting Rates

Australia’s consumer confidence rebounded in May following Prime Minister Anthony Albanese’s landslide election victory and as households increasingly expect an interest rate-cut next week.

Aussie spending went wild in April... what’s the deal?

In April 2025, Australian consumer spending reached its highest level in nearly four years, driven by a unique alignment of public holidays and broad-based spending increases across multiple sectors. The Visa Australia Spending Momentum Index (SMI), a key indicator of household spending trends, surged by an impressive 7.8 points to 106.4, marking a 47-month high. This milestone was notable as it was the first time since May 2021 that the SMI exc…

Australian Westpac consumer sentiment rises to 92.1, weak confidence supports RBA cut - Action Forex

Australia’s Westpac Consumer Sentiment Index rose 2.2% to 92.1 in May, partially recovering from April’s sharp decline triggered by trade-related uncertainty. Westpac attributed the modest rebound to stronger financial markets and a decisive outcome in the Federal election. However, sentiment remains subdued, with the index still 3.9% below its March level and firmly in pessimistic […] The post Australian Westpac consumer sentiment rises to 92.1…