ANZ-Roy Morgan Consumer Confidence drops 1.6pts to 112.4 as Greater Perth enters three-day lockdown

Original article by Roy Morgan
Market Research Update – Page: Online : 28-Apr-21

ANZ-Roy Morgan Consumer Confidence fell 1.6pts to 112.4 on April 24/25. Despite the fall, Consumer Confidence is still above the 2021 weekly average of 111.0 and 27.4pts higher than the same week a year ago (85.0). Now 28% (up 1ppt) of Australians say their families are ‘better off’ financially than this time last year, while 26% (up 1ppt) say their families are ‘worse off’ financially. In addition, 37% (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 21% (down 2ppts) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 15% (unchanged) expect ‘bad times’. Meanwhile, 44% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 23% (down 1ppt) say now is a ‘bad time to buy’ (the lowest figure for this indicator since March 1, 2020).

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

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