ANZ-Roy Morgan Consumer Confidence increases to 84.2

Original article by Roy Morgan
Market Research Update – Page: Online : 22-Apr-20

ANZ-Roy Morgan Australian Consumer Confidence rose 7.7% to 84.2 in the week to 19 April. Now 20% (down 1ppt) of Australians say their families are ‘better off’ financially than this time last year, while 41% (up 1ppt) say their families are ‘worse off’ financially. Meanwhile, 36% (up 4ppts) of Australians expect their family to be ‘better off’ financially this time next year, and 24% (down 3ppts) expect to be ‘worse off’ financially. However, just 5% (unchanged) expect ‘good times’ for the Australian economy over the next 12 months, while 54% (down 4ppts) expect ‘bad times’. In addition, 28% (up 8ppts) of Australians say now is a ‘good time to buy’ major household items, while 47% (down 7ppts) say now is a ‘bad time to buy’. The four-week moving average for ‘inflation expectations’ fell 0.2ppt to 3.8%. The weekly reading dipped to 3.1% from 3.8%.

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

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