Australia's consumer confidence took a dip in January, with Westpac's Consumer Confidence Index sliding 1.7% to land at 92.9, down from the previous reading of 94.5. The decline signals softening sentiment among households, a key indicator for economic momentum ahead. When consumer confidence weakens, it typically weighs on spending patterns—something worth monitoring as it feeds into broader market dynamics. The pullback reflects growing caution in household spending behavior, which could ripple across various asset classes as risk appetite shifts.