Original article by Roy Morgan
Market Research Update – Page: Online : 26-May-21
ANZ-Roy Morgan Consumer Confidence rose 1.7pts to 114.2 on May 22/23. Consumer Confidence is now 3pts above the 2021 weekly average of 111.3, and it is 21.5pts higher than the same week a year ago (92.7). Now 31% (up 3ppts) of Australians say their families are ‘better off’ financially than this time last year, while 23% (down 2ppts) say their families are ‘worse off’ financially (the lowest figure for this indicator since February 2020). In addition, 41% (up 4ppts) of Australians expect their family to be ‘better off’ financially this time next year, and 14% (unchanged) expect to be ‘worse off’ financially. Some 20% (unchanged) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 15% (up 1ppt) expect ‘bad times’. Meanwhile, 44% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 23% (up 1ppt) say now is a ‘bad time to buy’.
ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ