Original article by Roy Morgan
Market Research Update – Page: Online : 21-Dec-22

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 82.5 in the week ended 18 December. However, it is 25.9pts below the same week a year ago (108.4) and 6.2pts below the 2022 weekly average of 88.7. Consumer confidence was up slightly in New South Wales and Victoria but down in Queensland, Western Australia and South Australia. Now 23% of Australians (up 2ppts) say their families are ‘better off’ financially than this time last year, while 46% (up 1ppt) say their families are ‘worse off’ financially. Some 30% (unchanged) of Australians expect their family to be ‘better off’ financially this time next year, while 33% (also unchanged) expect to be ‘worse off’ financially. Only 6% (down 2ppts) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 35% (up 2ppts) expect ‘bad times’. Meanwhile, 22% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 48% (down 1ppt) say now is a ‘bad time to buy’.

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