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

ANZ-Roy Morgan Consumer Confidence rose 2.1pts to 80.8 in the week ended 13 November. It is now 25.2pts below the same week a year ago (106.0), and 8.6pts below the 2022 weekly average of 89.4. There were mixed results around the nation; Consumer Confidence increased in NSW and Queensland, Victoria was unchanged while the index was down in Western Australia and South Australia. Now 21% of Australians (down 2ppts) say their families are ‘better off’ financially than this time last year, while 46% (down 1ppt) say their families are ‘worse off’ financially. Some 31% (up 2ppt) of Australians expect their family to be ‘better off’ financially this time next year, while 35% (down 3ppts) expect to be ‘worse off’ financially. Only 8% (up 2ppts) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 39% (down 4ppts) expect ‘bad times’. Meanwhile, 22% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 50% (unchanged) say now is a ‘bad time to buy’.

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