2026.01.1602:00:00UTC+00Australian Consumer Confidence Bounces Back in January as PSI Climbs to 53.89

In a promising start to the new year, Australia has witnessed a notable uptick in consumer confidence, as reflected in the latest Thomson Reuters IPSOS Primary Consumer Sentiment Index (PCSI). The index, which had previously rested at 50.80 in December 2025, has climbed to an encouraging 53.89 in January 2026, underscoring renewed optimism among Australian consumers.

Updated on January 16, 2026, this month-over-month analysis reveals a positive shift in consumer sentiment. The previous month's index had stalled, indicating a much-needed stabilization from November to December, at a time when global economic uncertainties cast shadows over future expectations. However, January’s data suggests that Australian households are now more hopeful about the economic conditions, employment outlook, and personal financial prospects.

The rise in the PCSI could be indicative of several underlying factors, including robust retail performance during the holiday season, improved job security, and external economic factors that have instilled a newfound confidence in consumers looking toward 2026. As Australia steps confidently into the new year, the upward trajectory of consumer sentiment could signify strengthening economic resilience and potentially positive trends in consumer spending ahead.