Original article by Roy Morgan
Market Research Update – Page: Online : 22-Feb-23

ANZ-Roy Morgan Consumer Confidence rose 2.3pts to 80.4 in the week to 19 February. However, Consumer Confidence is still 21.4pts below the same week a year ago (101.8) and 3.9pts below the 2023 weekly average of 84.3. Consumer Confidence was up in all five mainland States and above 80 in Victoria, Western Australia and South Australia, but under 80 in New South Wales and Queensland. Now 22% of Australians (up 3ppts) say their families are ‘better off’ financially than this time last year, while 47% (down 2ppts) 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 34% (down 1ppt) expect to be ‘worse off’ financially. Only 6% (down 1ppt) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 37% (down 4ppts) expect ‘bad times’. Meanwhile, 20% (up 3ppts) of Australians say now is a ‘good time to buy’ major household items, while 51% (down 3ppts) say now is a ‘bad time to buy’.

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