Original article by Roy Morgan
Market Research Update – Page: Online : 11-Dec-24

ANZ-Roy Morgan Consumer Confidence fell 2.9pts to 85.5 in the week to 8 December, following the end of the Black Friday/Cyber Monday sales weekend. However, Consumer Confidence is now 4.7 points above the same week a year ago (80.8), and 2.6 points above the 2024 weekly average of 82.9. A look at Consumer Confidence by State shows varied results around the country, with a reversal of last weeks’ results including decreases in New South Wales, Queensland, and Western Australia, but increases in Victoria and South Australia. Now 22% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 50% (up 3ppts) say their families are ‘worse off’. Looking forward, 32% (down 2ppts) of Australians expect their family to be ‘better off’ financially this time next year, while 33% (up 4ppts) expect to be ‘worse off’. Now 9% (up 1ppt) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 31% (up 2ppts) expect ‘bad times’. Meanwhile, 30% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 44% (up 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