Original article by Roy Morgan
Market Research Update – Page: Online : 25-Oct-23

ANZ-Roy Morgan Consumer Confidence rose 1.8pts to 78.2 in the week to 22 October; it has now spent 38 straight weeks below the mark of 85, the longest streak at this level since 1990-91. Consumer Confidence was down in NSW, Victoria, Queensland and South Australia, but up slightly in Western Australia. Now 18% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 53% (unchanged) say their families are ‘worse off’ financially. Only 8% (up 2ppts) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 36% (down 1ppt) expect ‘bad times’. Meanwhile, 19% (up 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 50% (down 2ppts) say now is a ‘bad time to buy’.

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