Original article by Roy Morgan
Market Research Update – Page: Online : 21-Sep-22

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 86.0 in the week ended 18 September. However, it is now 17.3pts below the same week a year ago (103.3), and 4.9pts below the 2022 weekly average of 90.9. On a State-by-State basis most were up, including NSW, Queensland and WA but Victoria was down slightly. Now 23% (down 2ppts) of Australians say their families are ‘better off’ financially than this time last year, while 42% (up 1ppt) say their families are ‘worse off’ financially. Some 34% (up 2ppts) of Australians expect their family to be ‘better off’ financially this time next year, while 29% (down 3ppts) expect to be ‘worse off’ financially. Only 7% (down 1ppt) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 35% (up 2ppts) expect ‘bad times’. Meanwhile, 23% (up 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 46% (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