Original article by Roy Morgan
Market Research Update – Page: Online : 1-Dec-21

ANZ-Roy Morgan Consumer Confidence fell 1.4pts to 106.0 on 27/28 November; it is now below the 2021 weekly average of 108.1 and 1.5pts lower than the same week a year ago (107.5). Consumer Confidence this week was down in Victoria, Queensland and WA, while increasing slightly in NSW and SA. Now 27% (down 2ppts) of Australians say their families are ‘better off’ financially than this time last year, while 29% (up 3ppts) say their families are ‘worse off’ financially. In addition, 37% (unchanged) of Australians expect their family to be ‘better off’ financially this time next year, and 17% (also unchanged) expect to be ‘worse off’ financially. Some 18% (unchanged) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 20% (also unchanged) expect ‘bad times’. Meanwhile, 42% (up 3ppts) of Australians say now is a ‘good time to buy’ major household items (the highest figure for this indicator since early July 2021), while 26% (down 2ppts) say now is a ‘bad time to buy’ (the lowest figure for this indicator since early July).

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