Original article by Roy Morgan
Market Research Update – Page: Online : 27-Sep-23

ANZ-Roy Morgan Consumer Confidence fell 3.4pts to 76.4 in the week to 24 September; it has now spent a record 30 straight weeks below the mark of 80. Consumer Confidence is now 11.4pts below the same week a year ago (87.8), and 1.7 pts below the 2023 weekly average of 78.1. Consumer Confidence was down in the four largest States of New South Wales, Victoria, Queensland and Western Australia, but unchanged in South Australia. Now 19% of Australians (down 1ppt) 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% (down 1ppt) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 35% (up 1ppt) expect ‘bad times’. Meanwhile, 19% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 54% (up 1ppt) say now is a ‘bad time to buy’.

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

ANZ-Roy Morgan Consumer Confidence rose 2.2pts to 79.8 in the week to 17 September; despite the increase, it has now spent a record 29 straight weeks below the mark of 80. Consumer Confidence is now 6.2pts below the same week a year ago (86.0), and 1.6 pts above the 2023 weekly average of 78.2. Consumer Confidence was up in New South Wales, Victoria and Western Australia, but down slightly in Queensland and South Australia. Now 20% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 52% (down 3ppts) say their families are ‘worse off’ financially. Only 8% (up 1ppt) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 34% (down 2ppts) expect ‘bad times’. Meanwhile, 19% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 53% (also unchanged) say now is a ‘bad time to buy’.

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

ANZ-Roy Morgan Consumer Confidence fell 1.1pts to 77.6 in the week to 10 September; it has now spent a record 28 straight weeks below the mark of 80. Consumer Confidence is 8.1pts below the same week a year ago (85.7), and just below the 2023 weekly average of 78.1. Consumer Confidence down in Victoria and South Australia, but up slightly in New South Wales, Queensland and Western Australia. Now 21% of Australians (up 1ppt) say their families are ‘better off’ financially than this time last year, while 55% (up 2ppts) say their families are ‘worse off’ financially. Only 7% (unchanged) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 36% (down 1ppt) expect ‘bad times’. Meanwhile, 19% (down 2ppts) of Australians say now is a ‘good time to buy’ major household items, while 53% (up 1ppt) say now is a ‘bad time to buy’.

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

ANZ-Roy Morgan Consumer Confidence rose 0.6pts to 78.7 in the week to 3 September; despite the small increase, the index has now spent a record 27 straight weeks below the mark of 80. Consumer Confidence is now 7.4pts below the same week a year ago (86.1), and it is just above the 2023 weekly average of 78.1. Consumer Confidence was up in Victoria and South Australia, but down slightly in New South Wales, Queensland and Western Australia. Now 20% of Australians (up 1ppt) say their families are ‘better off’ financially than this time last year, while 53% (up 1ppt) say their families are ‘worse off’ financially. Only 7% (unchanged) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 37% (up 1ppt) expect ‘bad times’. Meanwhile, 21% (unchanged) 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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Original article by Roy Morgan
Market Research Update – Page: Online : 30-Aug-23

ANZ-Roy Morgan Consumer Confidence rose 2.3pts to 78.1 in the week to 27 August; however, it has now spent a record 26 straight weeks below the mark of 80. Consumer Confidence is now 6.9pts below the same week a year ago (85.0), and it is in line with the 2023 weekly average of 78.1. Consumer Confidence was up in the three largest States of New South Wales, Victoria and Queensland, but down slightly in both Western Australia and South Australia. Driving the improvement in the index this week were positive moves in sentiment related to both personal finances and the fortunes of the Australian economy over the next year.

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

ANZ-Roy Morgan Consumer Confidence fell 2.4pts to 75.8 in the week to 20 August, and it has now spent a record 25 straight weeks below the mark of 80. Consumer Confidence is now 9.8pts below the same week a year ago (85.8), and 2.3pts below the 2023 weekly average of 78.1. Consumer Confidence was down in the three largest States of New South Wales, Victoria and Queensland, but up slightly in both Western Australia and South Australia. Now 19% of Australians (down 2ppts) say their families are ‘better off’ financially than this time last year, while 53% (unchanged) say their families are ‘worse off’ financially. Some 29% (down 2ppts) of Australians now expect their family to be ‘better off’ financially this time next year, while 36% (up 2ppts) expect to be ‘worse off’ financially. Only 7% (unchanged) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 39% (up 3ppts) expect ‘bad times’. Meanwhile, 18% (down 2ppts) of Australians say now is a ‘good time to buy’ major household items, while 55% (down 2ppts) say now is a ‘bad time to buy’.

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Original article by Roy Morgan
Market Research Update – Page: Online : 16-Aug-23

ANZ-Roy Morgan Consumer Confidence rose 3.2pts to 78.2 in the week to 13 August. Despite this week’s improvement, the index has now spent a record 24 straight weeks below the mark of 80. Consumer Confidence is now 6.2pts below the same week a year ago (84.2), and in line with the 2023 weekly average of 78.2. Consumer Confidence increased in Victoria, Queensland, Western Australia and South Australia, but it was down slightly in New South Wales. Now 21% of Australians (up 4ppts) say their families are ‘better off’ financially than this time last year, while 53% (down 4ppts) say their families are ‘worse off’ financially. Some 31% (up 3ppts) of Australians now expect their family to be ‘better off’ financially this time next year, while 34% (down 4ppts) expect to be ‘worse off’ financially. Only 7% (up 1ppt) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 36% (down 2ppts) expect ‘bad times’. Meanwhile, 20% (up 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 57% (up 3ppts) say now is a ‘bad time to buy’.

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Original article by Roy Morgan
Market Research Update – Page: Online : 9-Aug-23

ANZ-Roy Morgan Consumer Confidence fell 3.4pts to 75.0 in the week to 6 August, fully erasing the gains of the previous week. Consumer Confidence has now spent a record 23 straight weeks below the mark of 80, beating the all-time record of five months from September 1990 to January 1991 when the index was conducted on a monthly rather than a weekly basis. Consumer Confidence is now 5.3pts below the same week a year ago (80.3), and 3.2pts below the 2023 weekly average of 78.2. Consumer Confidence was down in all five mainland States. Now 17% of Australians (down 3ppts) say their families are ‘better off’ financially than this time last year, while a new record high majority of 57% (up 4ppts) say their families are ‘worse off’ financially. Some 28% (down 5ppts) of Australians now expect their family to be ‘better off’ financially this time next year, while 38% (up 4ppts) expect to be ‘worse off’ financially. Only 6% (down 1ppt) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 38% (unchanged) expect ‘bad times’. Meanwhile, 19% (down 2ppts) of Australians say now is a ‘good time to buy’ major household items, while 54% (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

Original article by Roy Morgan
Market Research Update – Page: Online : 2-Aug-23

ANZ-Roy Morgan Consumer Confidence rose 3.2pts to 78.4 in the week to 30 July, to its highest since late April. However, Consumer Confidence has now spent 22 straight weeks below the mark of 80, equalling the all-time record from September 1990 to January 1991 when the index was conducted on a monthly rather than a weekly basis. Consumer Confidence is now 5.7pts below the same week a year ago (84.1), and just 0.1pts above the 2023 weekly average of 78.3. Consumer Confidence was up in NSW, Victoria and SA, but down slightly in Queensland and WA. Now 20% of Australians (unchanged) say their families are ‘better off’ financially than this time last year, while 53% (also unchanged) say their families are ‘worse off’ financially. Some 33% (up 3ppts) of Australians now expect their family to be ‘better off’ financially this time next year (the highest figure for this indicator since February 2023), while 34% (down 2ppts) expect to be ‘worse off’ financially. Only 7% (up 1ppt) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 38% (down 2ppts) expect ‘bad times’. Meanwhile, 21% (up 3ppts) of Australians say now is a ‘good time to buy’ major household items, while 54% (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 : 26-Jul-23

ANZ-Roy Morgan Consumer Confidence rose 2.6pts to 75.2 in the week to 23 July, to its highest since early June. However, Consumer Confidence has now spent 21 straight weeks below the mark of 80, the longest stretch below 80 since the index began being conducted on a weekly rather than a monthly basis in October 2008. Consumer Confidence is now 7.2pts below the same week a year ago (82.4), and 3.1pts below the 2023 weekly average of 78.3. Consumer Confidence was up in New South Wales, Victoria, Queensland and WA, but down slightly in South Australia. Now 20% of Australians (up 3ppts) say their families are ‘better off’ financially than this time last year, while 53% (down 4ppts) say their families are ‘worse off’ financially. Some 30% (up 2ppts) of Australians now expect their family to be ‘better off’ financially this time next year, while 36% (down 4ppts) expect to be ‘worse off’ financially. Only 6% (unchanged) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 40% (down 2ppts) expect ‘bad times’. Meanwhile, 18% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 57% (also 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