ANZ-Roy Morgan Consumer Confidence up 1.8pts to 109.3 as more Australians say now is a good time to buy major household items

Original article by Roy Morgan
Market Research Update – Page: Online : 9-Dec-20

ANZ-Roy Morgan Consumer Confidence rose 1.8pts to 109.3 on December 5/6. It is now 13.8pts above the 2020 weekly average of 95.5 and 0.3pts higher than a year ago (109.0). This is the first time Consumer Confidence has been higher than a year ago since June 2019. Now 24% (unchanged) of Australians say their families are ‘better off’ financially than this time last year, while 31% (also unchanged) say their families are ‘worse off’ financially. In addition, 38% (unchanged) of Australians expect their family to be ‘better off’ financially this time next year, and 13% (down 2ppts) expect to be ‘worse off’ financially (the lowest figure for this indicator since January 11/12. Some 17% (unchanged) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 21% (down 2ppts), expect ‘bad times’ (the lowest figure for this indicator since March 2013). Meanwhile, 43% (up 2ppts) of Australians say now is a ‘good time to buy’ major household items (the highest figure for this indicator since February 8/9), while 25% (unchanged) say now is a ‘bad time to buy’ (the equal lowest figure for this indicator for nine months).

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

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