Original article by Roy Morgan
Market Research Update – Page: Online : 22-Sep-21

ANZ-Roy Morgan Consumer Confidence rose 0.2pts to 103.3 on September 18/19, before Victorian Premier Daniel Andrews outlined the State’s re-opening plan; the full impact on confidence won’t be felt until next weekend. Consumer Confidence remains well below the 2021 weekly average of 108.6, but it is now 9.8 points higher than the same week a year ago (93.5). Consumer Confidence this week was down slightly in both NSW and Victoria, although still in positive territory in both States. Consumer Confidence increased in both Queensland and South Australia, and was virtually unchanged – and higher than anywhere else – in Western Australia at well over 110. Now 26% (down 1ppt) of Australians say their families are ‘better off’ financially than this time last year, while 30% (up 2ppts) say their families are ‘worse off’ financially. In addition, 38% (up 1ppt) of Australians expect their family to be ‘better off’ financially this time next year, and only 13% (down 1ppt) expect to be ‘worse off’ financially. Some 14% (unchanged) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 24% (down 2ppts) expect ‘bad times’. Meanwhile, 34% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 32% (unchanged) say now is a ‘bad time to buy’.

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ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ