Original article by Roy Morgan
Market Research Update – Page: Online : 18-Sep-24

ANZ-Roy Morgan Consumer Confidence rose 1.8pts to 84.1 in the week to 15 September; despite the increase, Consumer Confidence has spent a record 85 straight weeks below the mark of 85. Consumer Confidence is now 4.3 points above the same week a year ago (76.4), and 2.1pts above the 2024 weekly average of 82.0. Consumer Confidence is up in Victoria and Western Australia, but down slightly in NSW, Queensland and South Australia. Now 22% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 48% (up 1ppt) say their families are ‘worse off’. Looking forward, 33% (up 1ppt) of Australians expect their family to be ‘better off’ financially this time next year, while 30% (down 2ppts) expect to be ‘worse off’. Now 9% (unchanged) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 32% (down 2ppts) expect ‘bad times’. Now 23% (up 3ppts) of Australians say now is a ‘good time to buy’ major household items, while 48% (unchanged) say now is a ‘bad time to buy’.

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