ANZ-Roy Morgan Consumer Confidence up 0.5pts to 97.5

Original article by Roy Morgan
Market Research Update – Page: Online : 17-Jun-20

ANZ-Roy Morgan Australian Consumer Confidence rose 0.5% to 97.5 in the week to 14 June, after pausing the week before. Now 24% (up 2ppts) of Australians say their families are ‘better off’ financially than this time last year, while 35% (up 1ppt) say their families are ‘worse off’ financially. Meanwhile, 38% (up 1ppt) of Australians expect their family to be ‘better off’ financially this time next year, and 17% (unchanged) expect to be ‘worse off’ financially. Just 9% (unchanged) expect ‘good times’ for the Australian economy over the next 12 months, while 38% (down 2ppts) expect ‘bad times’. In addition, 37% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 34% (down 1ppt) say now is a ‘bad time to buy’. The four-week moving average for ‘inflation expectations’ remained unchanged at 3.2%. The weekly reading increased 0.2pts to 3.3%.

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

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