Original article by Gary Morgan
Market Research Update – Page: Online : 19-Apr-16

The 3.8 points increase in Consumer Confidence to 115.8 today has been driven by improving sentiment towards the Australian economy, with 31% (up 3ppts) of Australians expecting "good times" for the Australian economy over the next 12 months and 34% (up 3ppts) of Australians expecting "good times" for the Australian economy over the next five years. In addition, a majority of Australians (53%, up 5ppts) say now is a "good time to buy" major household items. The increase is good news for the L-NP Government, however the latest Morgan Poll released yesterday shows the L-NP 50% (down 2.5%) cf. ALP 50% (up 2.5%) in mid-April and the Roy Morgan Government Confidence Rating has plunged to its lowest point since Malcolm Turnbull became Prime Minister – now at 99 (down 7pts). In addition, last week’s fall in the ABS unemployment rate sounds good but it is in fact misleading as the ABS consistently underestimates the real level of unemployment in the Australian economy – now at 11.0% (1,422,000) in March according to the latest Roy Morgan real unemployment estimates.

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