Original article by Roy Morgan
Market Research Update – Page: Online : 13-Mar-24

ANZ-Roy Morgan Consumer Confidence rose 1.2 points to 82.2 in the week to 10 March. However, the index has now spent a record 58 straight weeks below the mark of 85. Consumer Confidence is 5.2 points above the same week a year ago (77.0), but 1 point below the 2024 weekly average of 83.2. Now 19% of Australians (unchanged) say their families are ‘better off’ financially than this time last year, while 53% (down 2ppts) say their families are ‘worse off’. Looking forward, 33% (unchanged) of Australians expect their family to be ‘better off’ financially this time next year, while 30% (down 4ppts) expect to be ‘worse off’. Now 11% (unchanged) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 31% (down 1ppt) expect ‘bad times’. Meanwhile, 20% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 49% (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