ANZ-Roy Morgan Consumer Confidence continues recovery – up 9% to 78.2

Original article by Roy Morgan
Market Research Update – Page: Online : 16-Jan-20

The weekly ANZ-Roy Morgan Consumer Confidence Rating was up 9% to 78.2 on the Easter weekend, and now up 20% since a record low of 65.3 two weeks ago. Driving the increase are more Australians saying they expect to be ‘better off financially’ this time next year – up 7% to 32%, while 27% (down 1%) say they expect to be ‘worse off’. This is the only index question in positive territory, however compared with the previous week there were improvements across the other four Consumer Confidence questions. The two weeks of increases follow the Federal Government’s announcement of a $130 billion wage subsidy in late March and shows how important it is to measure sentiment in the Australian economy on a real-time weekly basis rather than over the longer monthly time period.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

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