Original article by Roy Morgan
Market Research Update – Page: Online : 13-Sep-23

ANZ-Roy Morgan Consumer Confidence fell 1.1pts to 77.6 in the week to 10 September; it has now spent a record 28 straight weeks below the mark of 80. Consumer Confidence is 8.1pts below the same week a year ago (85.7), and just below the 2023 weekly average of 78.1. Consumer Confidence down in Victoria and South Australia, but up slightly in New South Wales, Queensland and Western Australia. Now 21% of Australians (up 1ppt) say their families are ‘better off’ financially than this time last year, while 55% (up 2ppts) say their families are ‘worse off’ financially. Only 7% (unchanged) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 36% (down 1ppt) expect ‘bad times’. Meanwhile, 19% (down 2ppts) of Australians say now is a ‘good time to buy’ major household items, while 53% (up 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