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

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 81.6 in the week ended 20 November. It is now 25.8pts below the same week a year ago (107.4), and 7.6pts below the 2022 weekly average of 89.2. There were mixed results around the nation; Consumer Confidence decreased in NSW and Queensland, while the other three mainland States all increased. Now 21% of Australians (unchanged) say their families are ‘better off’ financially than this time last year, while 49% (up 3ppts) say their families are ‘worse off’ financially. Some 30% (down 1ppt) of Australians expect their family to be ‘better off’ financially this time next year, while 36% (up 1ppt) 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 39% (unchanged) expect ‘bad times’. Meanwhile, 24% (up 2ppts) of Australians say now is a ‘good time to buy’ major household items, while 46% (down 4ppts) say now is a ‘bad time to buy’.

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