Australia - Consumer Confidence

The standardized Business Confidence Indicators (BCI) are confidence indicators comparable across countries.  The standardized Consumer Confidence Indicators (CCI) are measures comparable across countries.

• The Business Confidence Indicators (BCIs) augment the information set of cyclical indicators by providing

indicators that can reinforce signals of the Composit Leading Indicators (CLIs), since these indicators tend to have shorter but more stable

lead times then the CLIs, and they are subject to little or almost no revision at all.

• The Consumer Confidence Indicators (CCIs) focus on a different aspect of the economic cycle. They are not

particularly successful in signalling turning points in production; however they capture cyclical patterns in

household consumption behaviour fairly well.

The standardized Business Confidence Indicators (BCI) are confidence indicators comparable across countries.  Comparability has been achieved by careful selection of national indicators, and by smoothing, centring, and amplitude adjusting these series. For the majority of the countries the standardized BCI is calculated from harmonized industrial confidence indicators (based on a common methodology). In countries where harmonized indicators were not available similar indicators have been used as proxies: business confidence indicators (national definition), business situation or business sentiment indicators.

The standardized Consumer Confidence Indicators (CCI) are measures comparable across countries. Comparability has been achieved by careful selection of national indicators, and by smoothing, centring, and amplitude adjusting these series

Coverage:  OECD countries, China, Brazil, Indonesia, India, South Africa and Russia.

Consumer opinion surveys provide information on consumer sentiment based on both the general economic situation and the financial situation of the individual or family. The information collected in consumer opinion surveys is described as qualitative because respondents are asked to assign qualities (opinions), rather than quantities, to the variables of interest. Data obtained from these surveys are useful in their own right but are also used in the compilation of consumer confidence indicators.

Historical data are substantially revised every month
Please note that some series may be subject to substantial lags or may be updated at irregular intervals.

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