ANZ-Roy Morgan Consumer Confidence down 4.4pts to 107.8 after multiple major Australian cities placed into lockdown

Original article by Roy Morgan
Market Research Update – Page: Online : 7-Jul-21

ANZ-Roy Morgan Consumer Confidence fell 4.4pts to 107.8 on July 3/4, after multiple Australian cities were concurrently placed under lockdown. Consumer Confidence plunged in Sydney (down 10pts) and Brisbane (down 8.7pts) and is now sitting below the 2021 weekly average of 111.2; however, it remains 15.7 points higher than the same week a year ago (92.1). Now 27% (down 1ppt) of Australians say their families are ‘better off’ financially than this time last year, while 27% (up 2ppts) say their families are ‘worse off’ financially. In addition, 37% (down 1ppt) of Australians expect their family to be ‘better off’ financially this time next year, and 15% (up 2ppts) expect to be ‘worse off’ financially. Some 16% (down 3ppts) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 19% (up 4ppts) expect ‘bad times’. Meanwhile, 41% (down 4ppts) of Australians say now is a ‘good time to buy’ major household items, while 24% (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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