ANZ-Roy Morgan Consumer Confidence up 3pts to 107.5 as confidence grows about Australia’s economic performance over the next year

Original article by Roy Morgan
Market Research Update – Page: Online : 2-Dec-20

ANZ-Roy Morgan Consumer Confidence rose 3pts to 107.5 on November 28/29. It is now 12.3pts above the 2020 weekly average of 95.2 and only 0.6pts lower than a year ago (108.1). Now 24% (up 1ppt) of Australians say their families are ‘better off’ financially than this time last year, while 31% (down 1ppt) say their families are ‘worse off’ financially. In addition, 38% (down 1ppt) of Australians expect their family to be ‘better off’ financially this time next year, and 15% (down 1ppt) expect to be ‘worse off’ financially. Some 17% (up 3ppts) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 23% (down 4ppts) expect ‘bad times’ (the lowest figure for this indicator since April 2019). Meanwhile, 41% (up 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 25% (down 4ppts) say now is a ‘bad time to buy’.

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

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