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

ANZ-Roy Morgan Consumer Confidence fell 1.6pts to 83.9 in the week to 15 December, following the end of the Black Friday sales period. However, Consumer Confidence is now 2.1 points above the same week a year ago (81.8), and 1 point above the 2024 weekly average of 82.9. A look at Consumer Confidence by State shows varied results around the country with decreases in NSW, Victoria, and WA, offsetting small increases in Queensland and SA. Now 21% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 49% (down 1ppt) say their families are ‘worse off’. Looking forward, 31% (down 1ppt) of Australians expect their family to be ‘better off’ financially this time next year, while 32% (down 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% (down 1ppt) expect ‘bad times’. Meanwhile, 25% (down 5ppts) of Australians say now is a ‘good time to buy’ major household items, while 47% (up 3ppts) say now is a ‘bad time to buy’.

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