Original article by Roy Morgan
Market Research Update – Page: Online : 24-Nov-21

ANZ-Roy Morgan Consumer Confidence rose 1.4pts to 107.4 on 20/21 November; it is below the 2021 weekly average of 108.2, but 2.9 points higher than the same week a year ago (104.5). Consumer Confidence was up in Victoria, Queensland and WA, while falling slightly in NSW and SA. Now 29% (unchanged) of Australians say their families are ‘better off’ financially than this time last year, while 26% (down 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% (unchanged) expect to be ‘worse off’ financially. Some 18% (down 2ppts) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 20% (unchanged) expect ‘bad times’. Meanwhile, 39% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 28% (down 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