Original article by Roy Morgan
Market Research Update – Page: Online : 29-Sep-21

ANZ-Roy Morgan Consumer Confidence rose 0.4pts to 103.7 on September 25/26. The small increase came as Australians focused on domestic issues in recent weeks, with the ‘AUKUS’ defence agreement with the US and UK having a negligible impact on people in Australia. Despite the increase Consumer Confidence remains well below the 2021 weekly average of 108.5, but it is now 8.7 points higher than the same week a year ago (95.0). Consumer Confidence was up slightly in Victoria, South Australia and Western Australia, and down slightly in the other States. Now 28% (up 2ppts) of Australians say their families are ‘better off’ financially than this time last year, while 28% (down 2ppts) also 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 14% (up 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 25% (up 1ppt) expect ‘bad times’. Meanwhile, 38% (up 4ppts) of Australians say now is a ‘good time to buy’ major household items, while 31% (down 1ppt) say now is a ‘bad time to buy’.

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