Original article by Roy Morgan
Market Research Update – Page: Online : 10-Nov-21

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 109.0 on 6/7 November; it is now is just above the 2021 weekly average of 108.3, and 5.9 points higher than the same week a year ago (103.1). Consumer Confidence was up in Sydney, Perth and Adelaide, but down slightly in Melbourne and Brisbane. Now 31% (down 1ppt) of Australians say their families are ‘better off’ financially than this time last year, while 26% (up 1ppt) say their families are ‘worse off’ financially. In addition, 40% (up 2ppts) of Australians expect their family to be ‘better off’ financially this time next year, and 15% (down 1ppt) expect to be ‘worse off’ financially. Some 19% (up 1ppt) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 19% (unchanged) expect ‘bad times’. Meanwhile, 40% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 28% (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