The consumer confidence index in Australia increased by 0.1% in January to 97.4, after declining by 3.9% to 97.3 in December. The consumer confidence index - indicator published by the Faculty of Economics and Commerce at the University of Melbourne - reflects the level of public confidence in the economy by means of ratings by respondents into categories such as personal financial situation in the past year and the outlook for next year, expectations about the economic situation in the 1- and 5-year term, as well as the current consumer climate.

Weekly consumer confidence index rose to 120.1 from 113.4 the previous value. Earlier, the consumer confidence index from Australian ANZ also showed improvement.