Original article by Roy Morgan
Market Research Update – Page: Online : 7-Jun-23

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 75.8 in the week to 4 June. Consumer Confidence has now spent 14 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 11.2pts below the same week a year ago (87), and 4pts below the 2023 weekly average of 79.8. Consumer Confidence was up in Victoria, Queensland and Western Australia, but down in NSW and SA. Now 17% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 54% (up 1ppt) say their families are ‘worse off’ financially. Some 28% (down 1ppt) of Australians now expect their family to be ‘better off’ financially this time next year (the lowest figure for this indicator since April 2020 at the start of the pandemic), while 39% (up 4ppts) expect to be ‘worse off’ financially (the highest figure for this indicator since August 1989). Only 5% (down 2ppts) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 39% (down 1ppt) expect ‘bad times’. Meanwhile, 21% (up 2ppts) of Australians say now is a ‘good time to buy’ major household items, while 52% (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 : 31-May-23

ANZ-Roy Morgan Consumer Confidence fell 1.1pts to 76.2 in the week to 28 May. Consumer Confidence has now spent 13 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 14.5pts below the same week a year ago (90.7), and 3.8pts below the 2023 weekly average of 80.0. Consumer Confidence reversed last week’s results and was down in Victoria, Queensland, WA and SA, but up in NSW. Now 18% of Australians (unchanged) say their families are ‘better off’ financially than this time last year, while 53% (up 4ppts) say their families are ‘worse off’ financially. Some 29% (down 1ppt) of Australians now expect their family to be ‘better off’ financially this time next year, while 35% (down 1ppt) expect to be ‘worse off’ financially. Only 7% (down 1ppt) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 40% (up 1ppt) expect ‘bad times’. Meanwhile, 19% (up 2ppts) 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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ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Original article by Roy Morgan
Market Research Update – Page: Online : 24-May-23

ANZ-Roy Morgan Consumer Confidence rose 1.4pts to 77.3 in the week to 21 May. The index has now spent 12 straight weeks below the mark of 80; the last time Consumer Confidence spent at least 12 weeks below the mark of 80 was during the 1990-91 recession, when the index was conducted on a monthly rather than a weekly basis. Consumer Confidence is now 13.5pts below the same week a year ago (90.8), and 2.9pts below the 2023 weekly average of 80.2. Consumer Confidence was up in Victoria, Queensland, WA and SA, but down in New South Wales. Now 18% of Australians (up 1ppt) say their families are ‘better off’ financially than this time last year, while 49% (down 7ppts) say their families are ‘worse off’ financially. Some 30% (unchanged) of Australians now expect their family to be ‘better off’ financially this time next year, while 36% (down 1ppt) expect to be ‘worse off’ financially. Only 8% (up 2ppts) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 39% (up 2ppts) expect ‘bad times’. Meanwhile, 17% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 53% (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 : 17-May-23

ANZ-Roy Morgan Consumer Confidence fell 1.8pts to 75.9 in the week to 14 May. The index has now spent 11 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 13.4pts below the same week a year ago (89.3), and 4.4pts below the 2023 weekly average of 80.3. Consumer Confidence was down in NSW, Queensland, WA and SA; however, it was up in Victoria. Now 17% of Australians (down 2ppts) say their families are ‘better off’ financially than this time last year (the lowest figure for this indicator since April 2020), while 56% (up 3ppts) say their families are ‘worse off’ financially (a new record high for this indicator). Some 30% (down 2ppts) of Australians now expect their family to be ‘better off’ financially this time next year, while 37% (up 3ppts) expect to be ‘worse off’ financially. Only 6% (unchanged) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 37% (down 1ppt) expect ‘bad times’. Meanwhile, 18% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 55% (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

Original article by Roy Morgan
Market Research Update – Page: Online : 10-May-23

ANZ-Roy Morgan Consumer Confidence fell 2.1pts to 77.7 in the week to 7 May. The index has now spent 10 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 12.8pts below the same week a year ago (90.5), and 2.9pts below the 2023 weekly average of 80.6. As usual Consumer Confidence was mixed around the States, with decreases in Victoria, WA and SA, but up slightly in NSW and Queensland. Now 19% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 53% (up 3ppts) say their families are ‘worse off’ financially. Some 32% (up 1ppt) of Australians now expect their family to be ‘better off’ financially this time next year, while 34% (unchanged) expect to be ‘worse off’ financially. Only 6% (unchanged) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 38% (up 3ppts) expect ‘bad times’. Meanwhile, 18% (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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ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Original article by Roy Morgan
Market Research Update – Page: Online : 3-May-23

ANZ-Roy Morgan Consumer Confidence rose 1.8pts to 79.8 in the week to April 30. The index has now spent nine straight weeks below the mark of 80 – the longest stretch below 80 since the index began being conducted on a weekly rather than monthly basis in October 2008. Consumer Confidence is now 10.9pts below the same week a year ago (90.7), and 0.9pts below the 2023 weekly average of 80.7. Consumer Confidence was mixed around the States, with increases in Queensland and WA, but down in NSW, Victoria and South Australia. Now 20% of Australians (up 1ppt) say their families are ‘better off’ financially than this time last year, while 50% (unchanged) say their families are ‘worse off’ financially. Some 31% (up 1ppt) of Australians now expect their family to be ‘better off’ financially this time next year, while 34% (down 1ppt) 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 35% (down 3ppts) expect ‘bad times’. Meanwhile, 20% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 52% (up 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 : 19-Apr-23

ANZ-Roy Morgan Consumer Confidence fell 2.1pts to 77.2 in the week to April 16. The index has now been below the mark of 80 for a seventh straight week – the longest stretch since the index began being conducted on a weekly rather than monthly basis in October 2008. Consumer Confidence is now 19.6pts below the same week a year ago (96.8) and 3.8pts below the 2023 weekly average of 81.0. Consumer Confidence was down in New South Wales, Victoria, Queensland and South Australia, but up slightly in Western Australia; it now the only State with Consumer Confidence above the mark of 80. Now 18% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 50% (down 2ppts) say their families are ‘worse off’ financially. Some 30% (down 2ppts) of Australians now expect their family to be ‘better off’ financially this time next year, while 36% (up 3ppts) expect to be ‘worse off’ financially. Only 6% (down 2ppts) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 36% (down 1ppt) expect ‘bad times’. Meanwhile, 18% (down 2ppts) of Australians say now is a ‘good time to buy’ major household items, while 55% (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

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

ANZ-Roy Morgan Consumer Confidence rose 1.1pts to 79.3 in the week to April 9. The index has now increased by 2.8pts from the mid-March low of 76.5, its lowest level since early in the pandemic. However, this is the sixth week in a row the index has been 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 15.3pts below the same week a year ago (94.6), and 1.9pts below the 2023 weekly average of 81.2. Consumer Confidence was up in most States including Victoria, Queensland, Western Australia and South Australia, but down slightly in NSW. Now 19% of Australians (unchanged) say their families are ‘better off’ financially than this time last year, while 52% (also unchanged) say their families are ‘worse off’ financially. Some 32% (unchanged) of Australians now expect their family to be ‘better off’ financially this time next year, while 33% (down 2ppts) expect to be ‘worse off’ financially. Only 8% (up 2ppts) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 37% (up 1ppt) expect ‘bad times’. Meanwhile, 20% (up 2ppts) of Australians say now is a ‘good time to buy’ major household items, while 52% (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 : 5-Apr-23

ANZ-Roy Morgan Consumer Confidence rose 1.6pts to 78.2 in the week to April 2; however, this is the fifth week in a row the index has been below the mark of 80 – the first time this has happened since the index began being conducted on a weekly rather than a monthly basis in October 2008. Consumer Confidence is now 15.2pts below the same week a year ago (93.4), and 3.5pts below the 2023 weekly average of 81.4. Consumer Confidence was mixed around the country this week; it was driven upwards by a significant increase in New South Wales following the state election, and it was also up in WA and SA. In contrast, Consumer Confidence was down in Victoria and Queensland. Now 19% of Australians (down 2ppts) say their families are ‘better off’ financially than this time last year, while 52% (unchanged) say their families are ‘worse off’ financially. Some 32% (up 2ppts) of Australians now expect their family to be ‘better off’ financially this time next year, while 35% (down 1ppt) expect to be ‘worse off’ financially. Only 6% (up 1ppt) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 36% (down 4ppts) expect ‘bad times’. Meanwhile, 18% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 53% (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 : 22-Mar-23

ANZ-Roy Morgan Consumer Confidence fell 0.5pts to 76.5 in the week to 19 March; this is the lowest rating since early April 2020, in the early days of the COVID-19 pandemic. Consumer Confidence is now 14.7pts below the same week a year ago (91.2), and 5.6pts below the 2023 weekly average of 82.1. Consumer Confidence was mixed around the country; it was up in Victoria, Western Australia and South Australia, but down in Queensland, and crucially down in New South Wales ahead of the election on Saturday. Now 19% of Australians (unchanged) say their families are ‘better off’ financially than this time last year, while 52% (also unchanged) say their families are ‘worse off’ financially. Some 30% (unchanged) of Australians expect their family to be ‘better off’ financially this time next year, while 37% (also unchanged) expect to be ‘worse off’ financially. Only 6% (unchanged) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 39% (up 1ppt) expect ‘bad times’. Meanwhile, 18% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 55% (up 2ppts) say now is a ‘bad time to buy’ (the highest figure for this indicator since early April 2020).

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