ANZ-Roy Morgan Consumer Confidence up 2.2pts to 110.0 after Government increases support to those in lockdown in NSW

Original article by Roy Morgan
Market Research Update – Page: Online : 14-Jul-21

ANZ-Roy Morgan Consumer Confidence rose 2.2pts to 110.0 on July 10/11, after the Federal Government announced an increase in support to those impacted by the lockdown in Sydney. Consumer Confidence is now sitting just below the 2021 weekly average of 111.2; however, it remains 18.4 points higher than the same week a year ago (91.6). Now 27% (unchanged) of Australians say their families are ‘better off’ financially than this time last year, while 27% (also unchanged) say their families are ‘worse off’ financially. In addition, 39% (up 2ppts) of Australians expect their family to be ‘better off’ financially this time next year, and 14% (down 1 ppt) expect to be ‘worse off’ financially. Some 17% (up 1 ppt) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 18% (down 1ppt) expect ‘bad times’. Meanwhile, 43% (up 2ppts) 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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