FX.co ★ Thomson Reuters IPSOS PCSI for Australia Inches Up to 50.48 in June 2024

In the latest update from Thomson Reuters IPSOS Primary Consumer Sentiment Index (PCSI), Australia's economic confidence has seen a slight uptick. As of June 2024, the PCSI for Australia has reached 50.48, a mild increase from the 50.28 recorded in May 2024.

This minor improvement indicates cautious optimism among Australian consumers regarding their financial and economic outlook. The month-over-month comparison reflects a steadying of sentiment, with gradual yet positive movement from one month to the next.

Reported on June 14, 2024, these figures offer a snapshot of consumer attitudes at the midpoint of the year, showing that despite global economic uncertainties, Australians are maintaining a relatively stable economic outlook.