Original article by Roy Morgan
Market Research Update – Page: Online : 27-Sep-23

ANZ-Roy Morgan Consumer Confidence fell 3.4pts to 76.4 in the week to 24 September; it has now spent a record 30 straight weeks below the mark of 80. Consumer Confidence is now 11.4pts below the same week a year ago (87.8), and 1.7 pts below the 2023 weekly average of 78.1. Consumer Confidence was down in the four largest States of New South Wales, Victoria, Queensland and Western Australia, but unchanged in South Australia. Now 19% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 54% (up 2ppts) say their families are ‘worse off’ financially. Only 7% (down 1ppt) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 35% (up 1ppt) expect ‘bad times’. Meanwhile, 19% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 54% (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