Original article by Roy Morgan
Market Research Update – Page: Online : 16-Mar-22

ANZ-Roy Morgan Consumer Confidence fell 4.3pts to 95.8 during the second week of March; it is now 15.1pts below the same week a year ago (110.9) and clearly below the 2022 weekly average of 100.6. Consumer Confidence is now below the neutral level of 100 in all States and dropped in New South Wales, Victoria, Queensland and South Australia, but it was up slightly in Western Australia. Now 26% (down 1ppt) of Australians say their families are ‘better off’ financially than this time last year, while 35% (up 4ppts) say their families are ‘worse off’ financially. In addition, 36% (down 1ppt) of Australians expect their family to be ‘better off’ financially this time next year, and 24% (up 4ppts) expect to be ‘worse off’ financially. Just 12% (down 1ppt) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 29% (up 2ppts) expect ‘bad times’. Meanwhile, 35% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 36% (up 3ppts) say now is a ‘bad time to buy’.

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