Original article by Roy Morgan
Market Research Update – Page: Online : 8-Sep-21
ANZ-Roy Morgan Consumer Confidence fell 1.8pts to 100.0 on September 4/5, with sentiment now evenly balanced between positive and negative sentiment. Consumer Confidence is well below the 2021 weekly average of 108.9, but it is 8.9 points higher than the same week a year ago (91.1). Consumer Confidence fell in both Victoria and NSW and is now clearly below the neutral level of 100 in both States and both Sydney and Melbourne. However, Consumer Confidence in South Australia and Queensland is just above 100 while it is significantly higher in Western Australia at over 110. Now 26% (unchanged) of Australians say their families are ‘better off’ financially than this time last year, while 29% (up 3ppts) say their families are ‘worse off’ financially. In addition, 34% (down 3ppts) of Australians expect their family to be ‘better off’ financially this time next year, and only 16% (up 2ppts) expect to be ‘worse off’ financially. Some 11% (down 1ppt) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 28% (down 1ppt) expect ‘bad times’. Meanwhile, 33% (down 2ppts) of Australians say now is a ‘good time to buy’ major household items, while 34% (up 1ppt) say now is a ‘bad time to buy’.
ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ