Original article by Roy Morgan
Market Research Update – Page: Online : 20-Dec-23

ANZ-Roy Morgan Consumer Confidence rose 1pt to 81.8 in the week to 17 December, a second straight weekly increase to end the year at its highest since early February 2023. However, Consumer Confidence has now spent a record 46 straight weeks below the mark of 85. Consumer Confidence has ended 2023 only 0.7pts below the same week a year ago (82.5), and nearly 4 points above the 2023 weekly average of 78.0. The 2023 weekly average of 78.0 is a record low for the index, below the previous record low of 82.6 in 1990. Now 20% of Australians (down 2ppts) say their families are ‘better off’ financially than this time last year, while 51% (unchanged) say their families are ‘worse off’. Looking forward, 34% (up 3ppts) of Australians expect their family to be ‘better off’ financially this time next year (the highest figure for this indicator since January 2023), while 33% (unchanged) expect to be ‘worse off’ (the lowest figure for this indicator since January 2023). Only 10% (up 1ppt) of Australians now expect ‘good times’ for the Australian economy over the next 12 months (the highest figure for this indicator since May 2022, just after the RBA first raised interest rates), while 33% (down 3ppts) expect ‘bad times’ (the lowest figure for this indicator since February 2023). Meanwhile, 21% (up 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 51% (down 2ppts) say now is a ‘bad time to buy’.

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Original article by Roy Morgan
Market Research Update – Page: Online : 13-Dec-23

ANZ-Roy Morgan Consumer Confidence rose 4.4pts to 80.8 in the week to 10 December, after the RBA left interest rates unchanged at its final board meeting for the year. However, Consumer Confidence has now spent a record 45 straight weeks below the mark of 85. Consumer Confidence is now 2.1pts below the same week a year ago (82.9), but nearly 3 points above the 2023 weekly average of 77.8. Now 22% of Australians (up 3ppts) say their families are ‘better off’ financially than this time last year (the highest figure for this indicator since February 2023), while 51% (down 6ppts) 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 33% (down 3ppts) expect to be ‘worse off’ (the lowest figure for this indicator since January 2023). Only 9% (up 1ppt) of Australians now expect ‘good times’ for the Australian economy over the next 12 months (the highest figure for this indicator since May 2022, just after the RBA first raised interest rates), while 36% (down 3ppts) expect ‘bad times’. Meanwhile, 20% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 53% (down 1ppt) say now is a ‘bad time to buy’.

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

Original article by Roy Morgan
Market Research Update – Page: Online : 6-Dec-23

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 76.4 in the week to 3 December, but it has now spent a record 44 straight weeks below the mark of 85. Consumer Confidence is now 6.3pts below the same week a year ago (82.7), and over 1 point below the 2023 weekly average of 77.8. Consumer Confidence was up in Victoria, Queensland and South Australia, but down in New South Wales and Western Australia. Now 19% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 57% (up 2ppts) say their families are ‘worse off’ financially. Looking forward, 32% (up 5ppts) of Australians expect their family to be ‘better off’ financially this time next year, while 36% (down 4ppts) expect to be ‘worse off’. Only 8% (unchanged) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 39% (down 1ppt) expect ‘bad times’. Meanwhile, 20% (down 3ppts) of Australians say now is a ‘good time to buy’ major household items, while 54% (up 5ppts) say now is a ‘bad time to buy’.

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

Original article by Roy Morgan
Market Research Update – Page: Online : 29-Nov-23

ANZ-Roy Morgan Consumer Confidence rose 2pts to 76.7 in the week to 26 November; however, it has now spent a record 43 straight weeks below the mark of 85. Consumer Confidence is 6.9pts below the same week a year ago (83.1), and clearly below the 2023 weekly average of 77.9. Consumer Confidence was up significantly in New South Wales and Queensland, but down in Victoria and South Australia, and virtually unchanged in Western Australia. Now 20% of Australians (up 1ppt) say their families are ‘better off’ financially than this time last year, while 55% (unchanged) say their families are ‘worse off’ financially. Looking forward, 27% (down 1ppt) of Australians expect their family to be ‘better off’ financially this time next year (the lowest figure for this indicator since the early days of the pandemic in April 2020), while 40% (up 2ppts) expect to be ‘worse off’. (This week’s figure is the lowest net rating for this question since August 1989). Only 8% (up 2ppts) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 40% (down 2ppts) expect ‘bad times’. Meanwhile, 23% (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 49% (down 3ppts) say now is a ‘bad time to buy’ (the lowest figure for this indicator since January 2023).

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

Original article by Roy Morgan
Market Research Update – Page: Online : 22-Nov-23

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 74.7 in the week to 19 November; however, it has now spent a record 42 straight weeks below the mark of 85. Consumer Confidence is 6.9pts below the same week a year ago (81.6), and clearly below the 2023 weekly average of 77.9. Consumer Confidence was up in Victoria, South Australia and Western Australia, virtually unchanged in New South Wales, and down slightly in Queensland. Now 19% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 55% (up 1ppt) say their families are ‘worse off’ financially. Only 6% (down 1ppt) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 42% (up 2ppts) expect ‘bad times’. Meanwhile, 19% (up 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 52% (down 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

Original article by Roy Morgan
Market Research Update – Page: Online : 15-Nov-23

ANZ-Roy Morgan Consumer Confidence fell 3.5pts to 74.3 in the week to 12 November. Consumer Confidence is at its lowest since mid-July 2023 and has spent a record 41 straight weeks below the mark of 85. Consumer Confidence is now 6.5pts below the same week a year ago (80.8), and it is now clearly below the 2023 weekly average of 78.0. Consumer Confidence was down in NSW, Victoria, Queensland and South Australia, but up slightly against the trend in Western Australia – essentially a reverse of last week. Now 20% of Australians (unchanged) say their families are ‘better off’ financially than this time last year, while 54% (up 2ppts) say their families are ‘worse off’ financially. Only 7% (up 1ppt) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 40% (up 2ppts) expect ‘bad times’. Meanwhile, 18% (down 4ppts) of Australians say now is a ‘good time to buy’ major household items, while 55% (up 4ppts) say now is a ‘bad time to buy’.

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

Original article by Roy Morgan
Market Research Update – Page: Online : 8-Nov-23

ANZ-Roy Morgan Consumer Confidence rose 2.8pts to 77.8 in the week to 5 November; however, it has now spent a record 40 straight weeks below the mark of 85. Consumer Confidence is now 0.9pts below the same week a year ago (78.7), and it is just above the 2023 weekly average of 78.1. Consumer Confidence was up in NSW, Victoria, Queensland and South Australia, but down slightly in Western Australia. Now 20% of Australians (up 3ppts) say their families are ‘better off’ financially than this time last year, while 52% (down 4ppts) say their families are ‘worse off’ financially. Only 6% (unchanged) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 38% (down 2ppts) expect ‘bad times’. Meanwhile, 22% (up 4ppts) of Australians say now is a ‘good time to buy’ major household items, while 51% (down 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

Original article by Roy Morgan
Market Research Update – Page: Online : 1-Nov-23

ANZ-Roy Morgan Consumer Confidence fell 3.2pts to 75.0 in the week to 29 October; it has now spent 39 straight weeks below the mark of 85 – equalling the longest streak at this level set in 1990-91. Consumer Confidence is 4.9pts below the same week a year ago (79.9), and it is now clearly below the 2023 weekly average of 78.1. Consumer Confidence was down in NSW, Victoria, South Australia and Western Australia, but increased slightly in Queensland. Now 17% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 56% (up 3ppts) say their families are ‘worse off’ financially. Only 6% (down 2ppts) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 40% (up 4ppts) expect ‘bad times’. Meanwhile, 18% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 54% (up 4ppts) say now is a ‘bad time to buy’.

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

Original article by Roy Morgan
Market Research Update – Page: Online : 25-Oct-23

ANZ-Roy Morgan Consumer Confidence rose 1.8pts to 78.2 in the week to 22 October; it has now spent 38 straight weeks below the mark of 85, the longest streak at this level since 1990-91. Consumer Confidence was down in NSW, Victoria, Queensland and South Australia, but up slightly in Western Australia. Now 18% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 53% (unchanged) say their families are ‘worse off’ financially. Only 8% (up 2ppts) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 36% (down 1ppt) expect ‘bad times’. Meanwhile, 19% (up 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 50% (down 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

Original article by Roy Morgan
Market Research Update – Page: Online : 18-Oct-23

ANZ-Roy Morgan Consumer Confidence fell 3.7pts to 76.4 in the week to 15 October, unable to register back-to-back weeks above 80 for the first time since early February. Consumer Confidence is now 5.8pts below the same week a year ago (82.2), and below the 2023 weekly average of 78.1. Consumer Confidence was down in NSW, Victoria, Queensland and South Australia, but up slightly in Western Australia. Now 19% of Australians (down 2ppts) say their families are ‘better off’ financially than this time last year, while 53% (up 4ppts) say their families are ‘worse off’ financially. Only 6% (down 2ppts) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 37% (up 1ppt) expect ‘bad times’. Meanwhile, 18% (down 2ppts) of Australians say now is a ‘good time to buy’ major household items, while 52% (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