| Source | |
| Measures | Change in the level of a diffusion index based on surveyed consumers; |
| Usual Effect | 'Actual' greater than 'Forecast' is good for currency; |
| Frequency | Released monthly, usually on the second Tuesday of the current month; |
| Next Release | |
| FF Notes | The impact tends to be mild but varies from month to month due to volatility in the data set; |
Why Traders
Care | Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity; |
| Derived Via | Survey of about 1,200 consumers which asks respondents to rate the relative level of past and future economic conditions, employment, and climate for major purchases; |
| Also Called | Westpac-Melbourne Institute Consumer Sentiment; |
