ANZ-Roy Morgan Consumer Confidence virtually unchanged at 101.8 as vaccination levels rise but lockdowns continue

Original article by Roy Morgan
Market Research Update – Page: Online : 1-Sep-21

ANZ-Roy Morgan Consumer Confidence rose 0.2% to 101.8 on August 28/29, despite rising COVID-19 case numbers in New South Wales and Victoria. Consumer Confidence is still well below the 2021 weekly average of 109, but it is now 11.6 points higher than the same week a year ago (90.2). Consumer Confidence is again lowest in Victoria and NSW, just below the neutral level of 100. Consumer Confidence in South Australia and Queensland is just above 100 while it is significantly higher in Western Australia at over 110. Now 26% (down 3ppts) 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, 37% (up 2ppts) of Australians expect their family to be ‘better off’ financially this time next year, and only 14% (unchanged) expect to be ‘worse off’ financially. Some 12% (unchanged) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 29% (down 4ppts) expect ‘bad times’. Meanwhile, 35% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 33% (also 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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