Original article by Roy Morgan
Market Research Update – Page: Online : 27-Nov-24

ANZ-Roy Morgan Consumer Confidence fell 1.1pts to 85.7 in the week to 24 November; it has nevertheless stayed above the mark of 85 for a sixth consecutive week for the first time since June 2022. Consumer Confidence is now 9 points above the same week a year ago (76.7), and 3 points above the 2024 weekly average of 82.7. A look at Consumer Confidence by State shows varied results around the country with small increases in NSW and SA more than offset by decreases in Victoria, Queensland, and WA. Now 22% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 47% (unchanged) say their families are ‘worse off’. Looking forward, 32% (down 3ppts) of Australians expect their family to be ‘better off’ financially this time next year, while 31% (up 1ppt) expect to be ‘worse off’. Now 10% (up 1ppt) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 30% (up 3ppts) expect ‘bad times’. Meanwhile, 24% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 43% (down 2ppts) say now is a ‘bad time to buy’.

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