Original article by Roy Morgan
Market Research Update – Page: Online : 6-Oct-21

ANZ-Roy Morgan Consumer Confidence rose 0.9pts to 104.6 on 2/3 October. Consumer Confidence remains below the 2021 weekly average of 108.4, but it is now 8.9 points higher than the same week a year ago (95.7). Consumer Confidence was up in Sydney and Melbourne, as both cities quickly increase their vaccination rates, while down slightly in Brisbane, Perth and Adelaide. Now 29% (up 1ppt) of Australians say their families are ‘better off’ financially than this time last year, while 27% (down 1ppt) say their families are ‘worse off’ financially. In addition, 36% (down 1ppt) of Australians expect their family to be ‘better off’ financially this time next year, and 14% (unchanged) expect to be ‘worse off’ financially. Some 16% (up 2ppts) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 25% (unchanged) expect ‘bad times’. Meanwhile, 36% (down 2ppts) of Australians say now is a ‘good time to buy’ major household items, while 33% (up 2ppts) say now is a ‘bad time to buy’.

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