Original article by Roy Morgan
Market Research Update – Page: Online : 17-Nov-21

ANZ-Roy Morgan Consumer Confidence fell 3pts to 106.0 on 13/14 November; it is now below the 2021 weekly average of 108.2 and 0.6 points lower than the same week a year ago (106.6). This is the first time Consumer Confidence has dropped below its level of a year ago since late November 2020. Consumer Confidence this week was down in NSW, Victoria, Western Australia, South Australia and Tasmania, but there was a small increase in Queensland. Now 29% (down 2ppts) 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, 38% (down 2ppts) of Australians expect their family to be ‘better off’ financially this time next year, and 17% (up 2ppts) expect to be ‘worse off’ financially. Some 20% (up 1ppt) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 20% (up 1ppt) expect ‘bad times’. Meanwhile, 39% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 30% (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