Original article by Roy Morgan
Market Research Update – Page: Online : 27-Oct-21

ANZ-Roy Morgan Consumer Confidence fell 0.2pts to 106.8 on 23/24 October. Consumer Confidence remains below the 2021 weekly average of 108.2, but it is now 7.1 points higher than the same week a year ago (99.7). Consumer Confidence was up slightly in Victoria, and Melbourne, as the city began to re-open from its sixth lockdown; however, it was down slightly in NSW and Sydney nearly two weeks after that city re-opened earlier in October. Now 28% (up 1ppt) of Australians say their families are ‘better off’ financially than this time last year, while 28% (up 2ppts) 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 17% (up 3ppts) expect to be ‘worse off’ financially. Some 19% (unchanged) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 20% (also unchanged) expect ‘bad times’. Meanwhile, 39% (up 2ppts) of Australians say now is a ‘good time to buy’ major household items, while 29% (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