Original article by Roy Morgan
Market Research Update – Page: Online : 14-Dec-22

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 82.9 in the week ended 11 December. However, it is 25.1pts below the same week a year ago (108.0) and 5.9pts below the 2022 weekly average of 88.8. Consumer confidence was up slightly in New South Wales, Western Australia and South Australia, but down in Victoria and Queensland. Now 21% of Australians (unchanged) say their families are ‘better off’ financially than this time last year, while 45% (down 2ppts) say their families are ‘worse off’ financially. Some 30% (up 1ppt) of Australians expect their family to be ‘better off’ financially this time next year, while 33% (down 1ppt) expect to be ‘worse off’ financially. Only 8% (up 1ppt) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 33% (down 3ppts) expect ‘bad times’. Meanwhile, 23% (down 3ppts) of Australians say now is a ‘good time to buy’ major household items, while 49% (up 4ppts) say now is a ‘bad time to buy’.

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