ANZ-Roy Morgan Consumer Confidence up 1.4pts to 112.4 after Melbourne’s restrictions ease further

Original article by Roy Morgan
Market Research Update – Page: 3 : 23-Jun-21

ANZ-Roy Morgan Consumer Confidence rose 1.4pts to 112.4 on June 19/20, as Melbourne’s lockdown restrictions eased further. This week’s small increase was driven by more Australians saying they are ‘better off’ financially than this time a year ago and more Australians expecting ‘good times’ for the Australian economy over the next 12 months. Consumer Confidence is now above the 2021 weekly average of 111.3 and is 14.9pts higher than the same week a year ago. Looking at future conditions, over a fifth of Australians, 22% (up 1ppt), are expecting ‘good times’ for the economy over the next five years compared to only 13% (up 1ppt) expecting ‘bad times’. A decreasing plurality of Australians, 42% (down 3ppts), 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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