ANZ-Roy Morgan Consumer Confidence virtually unchanged at 114.0

Original article by Roy Morgan
Market Research Update – Page: Online : 21-Apr-21

ANZ-Roy Morgan Consumer Confidence fell 0.1pts to 114.0 on the weekend of April 17/18. Consumer Confidence has remained well above the 2021 weekly average of 110.9, and it is now 29.8pts higher than the same week a year ago (84.2). Now 27% (down 4ppts) of Australians say their families are ‘better off’ financially than this time last year, while 25% (unchanged) say their families are ‘worse off’ financially. In addition, 39% (down 2ppts) of Australians expect their family to be ‘better off’ financially this time next year, and 13% (unchanged) expect to be ‘worse off’ financially. Some 23% (up 1ppt) of Australians expect ‘good times’ for the Australian economy over the next 12 months (the highest figure for this indicator since March 1, 2020), while 15% (down 1ppt) expect ‘bad times’ (the lowest figure for this indicator since October 2010). Meanwhile, 44% (up 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 24% (down 1ppt) 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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