Original article by Roy Morgan
Market Research Update – Page: Online : 24-Jun-20
ANZ-Roy Morgan Australian Consumer Confidence was unchanged at 97.5 in the week to 21 June, although weakness was seen in three sub-indices compared to just one in the previous reading. Now 23% (down 1ppt) of Australians say their families are ‘better off’ financially than this time last year, while 36% (up 1ppt) say their families are ‘worse off’ financially. Meanwhile, 35% (down 3ppts) of Australians expect their family to be ‘better off’ financially this time next year, and 18% (up 1ppt) expect to be ‘worse off’ financially. Just 10% (up 1ppt) expect ‘good times’ for the Australian economy over the next 12 months, while 40% (up 2ppts) expect ‘bad times’. In addition, 38% (up 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 31% (down 3ppts) say now is a ‘bad time to buy’. The four-week moving average for ‘inflation expectations’ was stable at 3.2%.
ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ