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

ANZ-Roy Morgan Consumer Confidence was unchanged at 86.7 in the week to 10 November; however, it has stayed above the mark of 85 for a fourth consecutive week for the first time since January 2023. Consumer Confidence is now 12.4 points above the same week a year ago (74.3), and 4.2 points above the 2024 weekly average of 82.5. A look at Consumer Confidence by State shows varied results around the country with small increases in NSW, WA and SA, and small declines in Victoria and Queensland. 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, 34% (down 1ppt) of Australians expect their family to be ‘better off’ financially this time next year, while 30% (unchanged) expect to be ‘worse off’. Now 10% (unchanged) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 30% (up 2ppts) expect ‘bad times’. Meanwhile, 26% (up 4ppts) of Australians say now is a ‘good time to buy’ major household items (the highest figure for this indicator since January 2023), while 45% (down 1ppt) say now is a ‘bad time to buy’.

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