ANZ-Roy Morgan Consumer Confidence drops 0.7pts to 110.7 after Melbourne’s lockdown is extended into a second week

Original article by Roy Morgan
Market Research Update – Page: Online : 9-Jun-21

ANZ-Roy Morgan Consumer Confidence fell 0.7pts to 110.7 on June 5/6,after Melbourne’s lockdown was extended into a second week. Consumer Confidence is now just below the 2021 weekly average of 111.3, but it is 13.7pts higher than the same week a year ago (97.0). Now 29% (down 2ppts) of Australians say their families are ‘better off’ financially than this time last year, while 26% (unchanged) say their families are ‘worse off’ financially. In addition, 40% (unchanged) of Australians expect their family to be ‘better off’ financially this time next year, and 14% (down 2ppts) expect to be ‘worse off’ financially. Some 20% (unchanged) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 18% (up 3ppts) expect ‘bad times’. Meanwhile, 41% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 25% (up 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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