Australia Westpac Consumer Sentiment (May 2025) +2.2% (prior -6.0%)

Australia Westpac Consumer Sentiment stays deeply pessimistic (below 100)

+2.2% m/m in May to 92.1

• prior -6% to 90.1

Earlier from Australia we had the weekly ANZ-Roy Morgan Australian consumer confidence index:

• +0.8 points last week
• hit an 11-week high of 88.3 points
• inflation expectations are part of the survey, these fell 0.4% to 4.5%.

The Reserve Bank of Australia is on track to cut its cash rate next week.

This article was written by Eamonn Sheridan at www.forexlive.com.