Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register
Log in using Google
cabinet icon

InstaForex – always at the forefront!Open a trading account and become a part of the InstaForex Loprais Team!

Success history of the team headed by Ales Loprais can become your success history! Trade confidently and head towards leadership like regular participant of Dakar Rally and winner of Silk Way Rally InstaForex Loprais Team does it!

Join in and win with InstaForex!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

Australia's consumer confidence strengthened in November, but the Christmas spending is likely to be weak, survey data from Westpac showed on Wednesday.

The Westpac-Melbourne Institute Index of Consumer Sentiment rose to 97 in November from 92.8 in October. All index components of the indicator rose in November.

The consumer confidence index increase 4.5 percent monthly in November, after a 5.5 percent fall in the preceding month.

The pattern of confidence falling in response to a rate cut and recovering when the Reserve Bank of Australia remains on hold repeats, Westpac Chief Economist Bill Evans said.

"This result continues to support the general view that consumers are somewhat unnerved by the announcement of low rates and media controversy around the banks' responses," Evans added.

Consumer views on the economy improved in November, but continued to signal a marked weakening in recent months.

Expectations of family finances have been resilient over the last two months and slightly solid overall.

However, consumer attitudes towards spending seemed downbeat heading into the all-important Christmas sales period, Westpac said.

The 'time to buy a major household item' sub-index rose 3 percent monthly to 117.9, which was still 4 percent below its August level and below its long-term average of 127.

This indicates that consumers are set to tighten their belts this holiday season.

Westpac also said that "a restrained attitude towards spending" was also evident in responses to their annual question on Christmas spending plans.

One in three Australians are planning trim their expenditure on gifts than they did last year, with a further 54 percent expecting to spend about the same. Only 11 percent of consumers are planning to spend more this year, the survey said.

The unemployment expectations index increased 3.6 percent to 136.5 in November, marking the highest reading since June 2017. This suggest that more consumers expect joblessness to rise in the year ahead.

Evans expects the RBA to hold rates steady in the next policy session on December 3.

"Recent publications from the Bank indicate that it is prepared to take more time to assess the impact of the three cuts we have already seen," Evans said.

"However, the Board retains a clear easing bias and we expect it to act on this bias next February with a further 25bp rate cut."



Close
Widget calback
Our specialist
will call you back
in five minutes
We will navigate you
through the website and
answer all your questions!
Preferred Type of Connection
Preferred language
  • English
  • Русский
  • العربية
  • Bahasa Indonesia
  • Bahasa Melayu
  • বাংলা
  • Български
  • 中文
  • Español
  • हिन्दी
  • Asụsụ Igbo
  • Português
  • اردو
  • ไทย
  • Українська
  • Tiếng Việt
  • Èdè Yorùbá
A call-back request was accepted.
Our specialists will contact you as soon as possible.
An error occurred.
Please try again later.
Can't speak right now?
Ask your question in the chat.