Original article by Roy Morgan
Market Research Update – Page: Online : 25-Mar-20
ANZ-Roy Morgan Australian Consumer Confidence fell a massive 27.8% to 72.2 in the week ended 12 March. This fall has bought the headline index to just above the all-time lows recorded in 1990, and 17% below the lowest point seen during the global financial crisis (Oct 2008). All sub-components of the survey plunged. Current financial conditions fell 23.9% while future financial conditions dropped 25.8%. The economic conditions subindices were also down sharply, with current economic conditions falling 37.1% and future economic conditions declining by 19.1%. ‘Time to buy a major household item’ fell by 37.2%, but the four-week moving average for ‘inflation expectations was stable at 4.0%.
ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ