Leading Economic Index Australia decreased 0 percent in June of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Australia Leading Economic Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Consumer Confidence in Australia increased to 95.90 points in March from 92.20 points in February of 2025. This dataset provides - Australia Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Australia Industrial Trends Survey: Composite Index: Labour Market data was reported at 43.900 Index in Mar 2025. This stayed constant from the previous number of 43.900 Index for Dec 2024. Australia Industrial Trends Survey: Composite Index: Labour Market data is updated quarterly, averaging 48.800 Index from Sep 2014 (Median) to Mar 2025, with 43 observations. The data reached an all-time high of 60.100 Index in Sep 2017 and a record low of 29.400 Index in Jun 2020. Australia Industrial Trends Survey: Composite Index: Labour Market data remains active status in CEIC and is reported by Australian Chamber of Commerce and Industry. The data is categorized under Global Database’s Australia – Table AU.S043: Australian Chamber-Westpac Industrial Trends Survey.

Australia Westpac Banking Corporations: Assets: Investment Securities data was reported at 89,017.400 AUD mn in Mar 2020. This records an increase from the previous number of 85,802.600 AUD mn for Feb 2020. Australia Westpac Banking Corporations: Assets: Investment Securities data is updated monthly, averaging 78,573.700 AUD mn from Mar 2019 (Median) to Mar 2020, with 13 observations. The data reached an all-time high of 89,017.400 AUD mn in Mar 2020 and a record low of 76,765.600 AUD mn in Oct 2019. Australia Westpac Banking Corporations: Assets: Investment Securities data remains active status in CEIC and is reported by Australian Prudential Regulation Authority. The data is categorized under Global Database’s Australia – Table AU.KB032: Balance Sheet: Australian Prudential Regulation Authority: Banks: Westpac Banking Corporations.

Australia Westpac Banking Corporations: Assets: Net Acceptances of Customers data was reported at 0.000 AUD mn in Mar 2020. This stayed constant from the previous number of 0.000 AUD mn for Feb 2020. Australia Westpac Banking Corporations: Assets: Net Acceptances of Customers data is updated monthly, averaging 0.000 AUD mn from Mar 2019 (Median) to Mar 2020, with 13 observations. The data reached an all-time high of 0.700 AUD mn in Apr 2019 and a record low of 0.000 AUD mn in Mar 2020. Australia Westpac Banking Corporations: Assets: Net Acceptances of Customers data remains active status in CEIC and is reported by Australian Prudential Regulation Authority. The data is categorized under Global Database’s Australia – Table AU.KB032: Balance Sheet: Australian Prudential Regulation Authority: Banks: Westpac Banking Corporations.

The Finance sector's operating environment was previously characterised by record-low interest rates. Nonetheless, high inflation prompted the Reserve Bank of Australia (RBA) to hike the cash rate from May 2022 onwards. This shift allowed financial institutions to impose higher loan charges, propelling their revenue. Banks raised interest rates quicker than funding costs in the first half of 2022-23, boosting net interest margins. However, sophisticated competition and digital disruption have reshaped the sector and nibbled at the Big Four's dominance, weighing on ADIs' performance. In the first half of 2025, the fierce competition has forced ADIs to trim lending rates even ahead of RBA moves to protect their slice of the mortgage market. Higher cash rates initially widened net interest margins, but the expiry of cheap TFF funding and a fierce mortgage war are now compressing spreads, weighing on ADIs' profitability. Although ANZ's 2024 Suncorp Bank takeover highlights some consolidation, the real contest is unfolding in tech. Larger financial institutions are combatting intensified competition from neobanks and fintechs by upscaling their technology investments, strengthening their strategic partnerships with cloud providers and technology consulting firms and augmenting their digital offerings. Notable examples include the launch of ANZ Plus by ANZ and Commonwealth Bank's Unloan. Meanwhile, investor demand for rental properties, elevated residential housing prices and sizable state-infrastructure pipelines have continued to underpin loan growth, offsetting the drag from weaker mortgage affordability and volatile business sentiment. Overall, subdivision revenue is expected to rise at an annualised 8.3% over the five years through 2024-25, to $524.6 billion. This growth trajectory includes an estimated 4.8% decline in 2024-25 driven by rate cuts in 2025, which will weigh on income from interest-bearing assets. The Big Four banks will double down on technology investments and partnerships to counter threats from fintech startups and neobanks. As cybersecurity risks and APRA regulations evolve, financial institutions will gear up to strengthen their focus on shielding sensitive customer data and preserving trust, lifting compliance and operational costs. In the face of fierce competition, evolving regulations and shifting customer preferences, consolidation through M&As is poised to be a viable trend for survival and growth, especially among smaller financial institutions like credit unions. While rate cuts will challenge profitability within the sector, expansionary economic policies are poised to stimulate business and mortgage lending activity, presenting opportunities for strategic growth in a dynamic market. These trends are why Finance subdivision revenue is forecast to rise by an annualised 1.1% over the five years through the end of 2029-30, to $554.9 billion

Australia Westpac Banking Corporations: Liabilities: Total Resident Deposits: Households data was reported at 217,457.400 AUD mn in Mar 2020. This records an increase from the previous number of 216,847.200 AUD mn for Feb 2020. Australia Westpac Banking Corporations: Liabilities: Total Resident Deposits: Households data is updated monthly, averaging 216,060.100 AUD mn from Mar 2019 (Median) to Mar 2020, with 13 observations. The data reached an all-time high of 217,457.400 AUD mn in Mar 2020 and a record low of 212,460.000 AUD mn in Mar 2019. Australia Westpac Banking Corporations: Liabilities: Total Resident Deposits: Households data remains active status in CEIC and is reported by Australian Prudential Regulation Authority. The data is categorized under Global Database’s Australia – Table AU.KB032: Balance Sheet: Australian Prudential Regulation Authority: Banks: Westpac Banking Corporations.

The Credit Card Issuance industry has contracted as the number of cards issued and balances accruing interest have fallen. Issuers have faced significant competition from other forms of payment like debit cards and BNPL services. The monthly value of debit card transactions has continued to surpass the monthly value of credit card transactions thanks to initiatives like the Reserve Bank of Australia's (RBA) least-cost routing initiative. BNPL services have also gained popularity with younger consumers who constitute a significant market for online sellers. That's why revenue is set to weaken by an annualised 5.3% over the five years through 2024-25, to $7.6 billion. To compete with sophisticated competition, credit card issuers have beefed up their reward and referral programs and integrated online payment, service and customer acquisition platforms into their operations. The Big Four banks dominate the industry and NAB's acquisition of Citigroup's Australian consumer banking business has expanded its collective market share. Economic conditions tied to inflationary pressures have ravaged consumer sentiment and appetites for spending through credit. Some customers have opted to pay down debt instead and have avoided taking on more. A sharp climb in interest rates over the past few years has compounded this dynamic, which is set to constrain industry performance in 2024-25, with revenue declining by an anticipated 0.9%. Credit card issuers' performance will improve over the coming years as economic conditions recover. Credit card issuance revenue is projected to expand at an annualised 2.0% through the end of 2029-30, to total $8.4 billion. The RBA is forecast to slash the cash rate once inflation falls within the central banks' target band, lifting credit card issuer profit margins as funding costs drop. Alternative payment methods, like BNPL services, debit transactions and other fintech solutions, are on track to sap away demand for credit cards. However, easing inflationary pressures and lower interest rates over the medium term are set to spur household consumption expenditure and credit card use. In response to the fierce competition, issuers will emphasise innovation and enhance their rewards and points systems to entice consumers.

Australia Westpac Banking Corporations: Assets: Resident Loans & Finance Leases: Non-Financial Business data was reported at 132,352.200 AUD mn in Mar 2020. This records an increase from the previous number of 129,346.000 AUD mn for Feb 2020. Australia Westpac Banking Corporations: Assets: Resident Loans & Finance Leases: Non-Financial Business data is updated monthly, averaging 128,214.900 AUD mn from Mar 2019 (Median) to Mar 2020, with 13 observations. The data reached an all-time high of 132,352.200 AUD mn in Mar 2020 and a record low of 125,693.100 AUD mn in Mar 2019. Australia Westpac Banking Corporations: Assets: Resident Loans & Finance Leases: Non-Financial Business data remains active status in CEIC and is reported by Australian Prudential Regulation Authority. The data is categorized under Global Database’s Australia – Table AU.KB032: Balance Sheet: Australian Prudential Regulation Authority: Banks: Westpac Banking Corporations.

Industrial Trends Survey: for Next 12 Months: Capital Expenditure: Buildings data was reported at 2.000 Index in Mar 2025. This records a decrease from the previous number of 7.000 Index for Dec 2024. Industrial Trends Survey: for Next 12 Months: Capital Expenditure: Buildings data is updated quarterly, averaging 1.000 Index from Sep 1998 (Median) to Mar 2025, with 107 observations. The data reached an all-time high of 22.000 Index in Sep 2024 and a record low of -46.000 Index in Jun 2020. Industrial Trends Survey: for Next 12 Months: Capital Expenditure: Buildings data remains active status in CEIC and is reported by Australian Chamber of Commerce and Industry. The data is categorized under Global Database’s Australia – Table AU.S043: Australian Chamber-Westpac Industrial Trends Survey.

The online banking penetration rate in Australia was forecast to continuously increase between 2024 and 2029 by in total 4.1 percentage points. After the fifteenth consecutive increasing year, the online banking penetration is estimated to reach 71.28 percent and therefore a new peak in 2029. Notably, the online banking penetration rate of was continuously increasing over the past years.Shown is the estimated percentage of the total population in a given region or country, which makes use of online banking.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in up to 150 countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).

The global overseas transfer market is projected to reach a significant market size of million USD by 2033, exhibiting a CAGR of XX% during the forecast period (2025-2033). The market growth is driven by increasing globalization and international business activities, leading to a rising demand for efficient and cost-effective cross-border money transfer services. Additionally, advancements in digital payment technologies, such as mobile payment apps and blockchain, have further fueled market growth by providing convenient and secure transfer options. Key market trends include the increasing popularity of digital transfers, which offer convenience and speed, and the growing adoption of mobile banking apps. Furthermore, government regulations and compliance requirements are driving innovation and standardization in the market. The market is fragmented, with major players such as Hang Seng Bank, OCBC Bank, Westpac, Citigroup, and Commonwealth Bank of Australia holding significant market shares. However, there is increasing competition from fintech companies offering innovative and low-cost transfer services. Market growth is expected to be driven by increasing cross-border trade, the rising number of migrant workers, and the development of new payment technologies.

Mortgage lenders are dealing with the RBA's shift to a tighter monetary policy, as it fights heavy inflation. Since May 2022, the RBA has raised the benchmark cash rate, which flows to interest rates on home loans. This represents a complete reversal of the prevailing approach to monetary policy taken in recent years. Over the course of the pandemic, subdued interest rates, in conjunction with government incentives and relaxed interest rate buffers, encouraged strong mortgage uptake. With the RBA's policy reversal, authorised deposit-taking institutions will need to balance their interest rate spreads to ensure steady profit. A stronger cash rate means more interest income from existing home loans, but also steeper funding costs. Moreover, increasing loan rates mean that prospective homeowners are being cut out of the market, which will slow demand for new home loans. Overall, industry revenue is expected to rise at an annualised 0.4% over the past five years, including an estimated 2.2% jump in 2023-24, to reach $103.4 billion. APRA's regulatory controls were updated in January 2023, with new capital adequacy ratios coming into effect. The major banks have had to tighten up their capital buffers to protect against financial instability. Although the ‘big four’ banks control most home loans, other lenders have emerged to foster competition for new loanees. Technological advances have made online-only mortgage lending viable. However, lenders that don't take deposits are more reliant on wholesale funding markets, which will be stretched under a higher cash rate. Looking ahead, technology spending isn't slowing down, as consumers continue to expect secure and user-friendly online financial services. This investment is even more pressing, given the ongoing threat of cyber-attacks. Industry revenue is projected to inch upwards at an annualised 0.8% over the five years through 2028-29, to $107.7 billion.

Australia Westpac Banking Corporations: Assets: Resident Loans & Finance Leases: General Government data was reported at 596.600 AUD mn in Mar 2020. This records an increase from the previous number of 581.700 AUD mn for Feb 2020. Australia Westpac Banking Corporations: Assets: Resident Loans & Finance Leases: General Government data is updated monthly, averaging 579.100 AUD mn from Mar 2019 (Median) to Mar 2020, with 13 observations. The data reached an all-time high of 596.600 AUD mn in Mar 2020 and a record low of 552.600 AUD mn in May 2019. Australia Westpac Banking Corporations: Assets: Resident Loans & Finance Leases: General Government data remains active status in CEIC and is reported by Australian Prudential Regulation Authority. The data is categorized under Global Database’s Australia – Table AU.KB032: Balance Sheet: Australian Prudential Regulation Authority: Banks: Westpac Banking Corporations.

Australia Industrial Trends Survey: for Last 3 Months: Output data was reported at -1.000 Index in Mar 2025. This records a decrease from the previous number of 8.000 Index for Dec 2024. Australia Industrial Trends Survey: for Last 3 Months: Output data is updated quarterly, averaging 14.000 Index from Sep 1998 (Median) to Mar 2025, with 107 observations. The data reached an all-time high of 43.000 Index in Dec 2018 and a record low of -55.000 Index in Jun 2020. Australia Industrial Trends Survey: for Last 3 Months: Output data remains active status in CEIC and is reported by Australian Chamber of Commerce and Industry. The data is categorized under Global Database’s Australia – Table AU.S043: Australian Chamber-Westpac Industrial Trends Survey.

Australia Westpac Banking Corporations: Assets: Total Resident data was reported at 889,829.900 AUD mn in Mar 2020. This records an increase from the previous number of 860,217.000 AUD mn for Feb 2020. Australia Westpac Banking Corporations: Assets: Total Resident data is updated monthly, averaging 857,987.100 AUD mn from Mar 2019 (Median) to Mar 2020, with 13 observations. The data reached an all-time high of 889,829.900 AUD mn in Mar 2020 and a record low of 845,853.600 AUD mn in Apr 2019. Australia Westpac Banking Corporations: Assets: Total Resident data remains active status in CEIC and is reported by Australian Prudential Regulation Authority. The data is categorized under Global Database’s Australia – Table AU.KB032: Balance Sheet: Australian Prudential Regulation Authority: Banks: Westpac Banking Corporations.

Australia Industrial Trends Survey: for Last 3 Months: Numbers Employed data was reported at -5.000 Index in Mar 2025. This records a decrease from the previous number of 1.000 Index for Dec 2024. Australia Industrial Trends Survey: for Last 3 Months: Numbers Employed data is updated quarterly, averaging -2.000 Index from Sep 1998 (Median) to Mar 2025, with 107 observations. The data reached an all-time high of 16.000 Index in Dec 2007 and a record low of -30.000 Index in Jun 2020. Australia Industrial Trends Survey: for Last 3 Months: Numbers Employed data remains active status in CEIC and is reported by Australian Chamber of Commerce and Industry. The data is categorized under Global Database’s Australia – Table AU.S043: Australian Chamber-Westpac Industrial Trends Survey.

Australia Industrial Trends Survey: for Next 3 Months: Output data was reported at 23.000 Index in Mar 2025. This records an increase from the previous number of 11.000 Index for Dec 2024. Australia Industrial Trends Survey: for Next 3 Months: Output data is updated quarterly, averaging 20.000 Index from Sep 1998 (Median) to Mar 2025, with 107 observations. The data reached an all-time high of 55.000 Index in Mar 2021 and a record low of -34.000 Index in Dec 2008. Australia Industrial Trends Survey: for Next 3 Months: Output data remains active status in CEIC and is reported by Australian Chamber of Commerce and Industry. The data is categorized under Global Database’s Australia – Table AU.S043: Australian Chamber-Westpac Industrial Trends Survey.

Australia Industrial Trends Survey: for Next 3 Months: Average Unit Costs data was reported at 38.000 Index in Mar 2025. This records an increase from the previous number of 29.000 Index for Dec 2024. Australia Industrial Trends Survey: for Next 3 Months: Average Unit Costs data is updated quarterly, averaging 15.000 Index from Sep 1998 (Median) to Mar 2025, with 107 observations. The data reached an all-time high of 59.000 Index in Jun 2022 and a record low of -9.000 Index in Mar 1999. Australia Industrial Trends Survey: for Next 3 Months: Average Unit Costs data remains active status in CEIC and is reported by Australian Chamber of Commerce and Industry. The data is categorized under Global Database’s Australia – Table AU.S043: Australian Chamber-Westpac Industrial Trends Survey.

Australia Industrial Trends Survey: Comparing with 3 Months Ago: Hiring Difficulty data was reported at 17.000 Index in Mar 2025. This records an increase from the previous number of 15.000 Index for Dec 2024. Australia Industrial Trends Survey: Comparing with 3 Months Ago: Hiring Difficulty data is updated quarterly, averaging 5.000 Index from Sep 1998 (Median) to Mar 2025, with 107 observations. The data reached an all-time high of 68.000 Index in Sep 2022 and a record low of -41.000 Index in Jun 2020. Australia Industrial Trends Survey: Comparing with 3 Months Ago: Hiring Difficulty data remains active status in CEIC and is reported by Australian Chamber of Commerce and Industry. The data is categorized under Global Database’s Australia – Table AU.S043: Australian Chamber-Westpac Industrial Trends Survey.