Original article by Roy Morgan
Market Research Update – Page: Online : 17-Aug-22

ANZ-Roy Morgan Consumer Confidence rose 3.9pts to 84.2 in the week ended 10 August. It is now 16.9pts below the same week a year ago (101.1). In addition, Consumer Confidence is now 7.5pts below the 2022 weekly average of 91.7, but it is now at its highest since late June 2022. On a State-based level Consumer Confidence was up in the two largest States of NSW and Victoria, as well as WA, but down in Queensland and SA. Now 25% (up 3ppts) of Australians say their families are ‘better off’ financially than this time last year, while 41% (down 2ppts) say their families are ‘worse off’ financially. In addition, 32% (up 3ppt) of Australians expect their family to be ‘better off’ financially this time next year, and 31% (down 4ppts) expect to be ‘worse off’ financially. Only 6% (unchanged) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 37% (down 8ppts) expect ‘bad times’. Meanwhile, just 23% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 49% (up 1ppt) say now is a ‘bad time to buy’.

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