ANZ-Roy Morgan Consumer Confidence up 0.3pts to 111.0 after Melbourne’s two-week lockdown ends but restrictions remain

Original article by Roy Morgan
Market Research Update – Page: Online : 17-Jun-21

ANZ-Roy Morgan Consumer Confidence rose 0.3pts to 111.0 on June 12/13, after Melbourne’s two-week lockdown ended, although restrictions remain including a 25km travel limit. Consumer Confidence is just below the 2021 weekly average of 111.3, but it is 13.5pts higher than the same week a year ago (97.5). Now 27% (down 2ppts) of Australians say their families are ‘better off’ financially than this time last year, while 28% (up 2ppts) say their families are ‘worse off’ financially. In addition, 39% (down 1ppt) of Australians expect their family to be ‘better off’ financially this time next year, and 15% (up 1ppt) expect to be ‘worse off’ financially. Some 18% (down 2ppts) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 15% (down 3ppts) expect ‘bad times’. Meanwhile, 45% (up 4ppts) of Australians say now is a ‘good time to buy’ major household items, while 25% (unchanged) 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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