Original article by Roy Morgan
Market Research Update – Page: Online : 7-Dec-22

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 82.7 in the week ended 4 December. However, it is now 26.6pts below the same week a year ago (107.5) and 6.3pts below the 2022 weekly average of 89.0. There were mixed results around the nation; Consumer Confidence increased in New South Wales and South Australia but decreased in Victoria, Queensland and Western Australia. Now 21% of Australians (down 4ppts) say their families are ‘better off’ financially than this time last year, while 47% (up 1ppt) say their families are ‘worse off’ financially. Some 29% (down 2ppts) of Australians expect their family to be ‘better off’ financially this time next year, while 34% (down 1ppt) expect to be ‘worse off’ financially. Only 7% (up 1ppt) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 36% (down 3ppts) expect ‘bad times’. Meanwhile, 26% (up 2ppts) of Australians say now is a ‘good time to buy’ major household items (the highest figure for this indicator since early July), while 45% (down 2ppts) say now is a ‘bad time to buy’.

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