Original article by Roy Morgan
Market Research Update – Page: Online : 12-Oct-22

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 84.6 in the week ended 9 October. It is now 21pts below the same week a year ago (105.6), and 5.9pts below the 2022 weekly average of 90.5. The fall in Consumer Confidence was patchy, with three States down (NSW, Victoria and WA) and two States increasing slightly (Queensland and SA). Now 23% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 44% (up 2ppts) say their families are ‘worse off’ financially. Some 32% (up 1ppt) of Australians expect their family to be ‘better off’ financially this time next year, while 30% (down 1ppt) 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 38% (up 2ppts) expect ‘bad times’. Meanwhile, 24% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 45% (up 2ppts) say now is a ‘bad time to buy’.

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