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

ANZ-Roy Morgan Consumer Confidence fell 2.9pts to 77.0 in the week to 12 March; this is the lowest rating since early April 2020, in the early days of the COVID-19 pandemic. Consumer Confidence is now 18.8pts below the same week a year ago (95.8), and 5.7pts below the 2023 weekly average of 82.7. Consumer Confidence was down around the country this week and below 80 in all five mainland States after the RBA raised interest rates for a record tenth straight meeting. Now 19% of Australians (down 2ppts) say their families are ‘better off’ financially than this time last year, while 52% (up 4ppts) say their families are ‘worse off’ financially. Some 30% (down 2ppts) of Australians expect their family to be ‘better off’ financially this time next year, while 37% (up 2ppts) 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% (also unchanged) 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 : 8-Mar-23

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 79.9 in the week to 5 March. However, Consumer Confidence is 20.2pts below the same week a year ago (100.1), and 3.4pts below the 2023 weekly average of 83.3. Consumer Confidence had mixed results around the country; it was up in Queensland and South Australia, down in New South Wales and Western Australia and unchanged in Victoria. Now 21% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 48% (unchanged) say their families are ‘worse off’ financially. Some 32% (unchanged) of Australians expect their family to be ‘better off’ financially this time next year, while 35% (also unchanged) 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 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 : 1-Mar-23

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 80.0 in the week to 26 February. However, Consumer Confidence is still 19.2pts below the same week a year ago (99.2) and 3.7pts below the 2023 weekly average of 83.7. Consumer Confidence was down in Victoria, Queensland, Western Australia and South Australia, but up slightly in New South Wales. Consumer Confidence is now below 80 in Victoria and Queensland. Now 22% of Australians (unchanged) say their families are ‘better off’ financially than this time last year, while 48% (up 1ppt) say their families are ‘worse off’ financially. Some 32% (up 2ppts) of Australians expect their family to be ‘better off’ financially this time next year, while 35% (up 1ppt) 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 38% (up 1ppt) expect ‘bad times’. Meanwhile, 21% (up 1ppt) 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 : 22-Feb-23

ANZ-Roy Morgan Consumer Confidence rose 2.3pts to 80.4 in the week to 19 February. However, Consumer Confidence is still 21.4pts below the same week a year ago (101.8) and 3.9pts below the 2023 weekly average of 84.3. Consumer Confidence was up in all five mainland States and above 80 in Victoria, Western Australia and South Australia, but under 80 in New South Wales and Queensland. Now 22% of Australians (up 3ppts) say their families are ‘better off’ financially than this time last year, while 47% (down 2ppts) say their families are ‘worse off’ financially. Some 30% (down 1ppt) of Australians 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 37% (down 4ppts) expect ‘bad times’. Meanwhile, 20% (up 3ppts) 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 : 15-Feb-23

ANZ-Roy Morgan Consumer Confidence fell 5.5pts to 78.1 in the week to 12 February, after the RBA increased official interest rates to the highest level since October 2012. This was the largest weekly drop in Consumer Confidence following an RBA meeting since a fall of 6.6pts after it increased interest rates by 0.5% in early June. Consumer Confidence is now 25.1pts below the same week a year ago (103.2), and 6.8pts below the 2023 weekly average of 84.9. Consumer Confidence was down in all five mainland States, and under 80 in all of them except Western Australia. Now 19% of Australians (down 3ppts) say their families are ‘better off’ financially than this time last year (the lowest figure for this indicator since April 2020), while 49% (up 2ppts) say their families are ‘worse off’ financially. Some 31% (down 2ppts) of Australians expect their family to be ‘better off’ financially this time next year, while 35% (up 1ppt) expect to be ‘worse off’ financially. Only 7% (down 2ppts) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 41% (up 8ppts) expect ‘bad times’. Meanwhile, 17% (down 6ppts) of Australians say now is a ‘good time to buy’ major household items (the lowest figure for this indicator since early April 2020), while 54% (up 5ppts) say now is a ‘bad time to buy’ (the highest figure for this indicator since early April 2020).

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

ANZ-Roy Morgan Consumer Confidence fell 3.2pts to 83.6 in the week to 5 February, the largest weekly drop for six months since early August 2022. Consumer Confidence is now 16.3pts below the same week a year ago (99.9), and 2.7pts below the 2023 weekly average of 86.3. Unusually, Consumer Confidence was down in all five mainland States. Now 22% of Australians (unchanged) say their families are ‘better off’ financially than this time last year, while 47% (up 3ppts) say their families are ‘worse off’ financially. Some 33% (down 1ppt) of Australians expect their family to be ‘better off’ financially this time next year, while 34% (up 4ppts) expect to be ‘worse off’ financially. Only 9% (up 2ppts) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 33% (up 3ppts) expect ‘bad times’. Meanwhile, 23% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 49% (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 : 1-Feb-23

ANZ-Roy Morgan Consumer Confidence rose 0.9pts to 86.8 in the week to 29 January, the third increase out of four weeks so far this year. However, Consumer Confidence is still 15pts below the same week a year ago (101.8), and 1.9pts below the 2022 weekly average of 88.7. Consumer Confidence around Australia was mixed, with the measure up in New South Wales, Queensland and Western Australia, but down in Victoria and South Australia. Now 22% of Australians (unchanged) say their families are ‘better off’ financially than this time last year, while 44% (down 1ppt) say their families are ‘worse off’ financially. Some 34% (unchanged) of Australians expect their family to be ‘better off’ financially this time next year, while 30% (down 1ppt) expect to be ‘worse off’ financially. Only 7% (down 2ppts) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 30% (unchanged) expect ‘bad times’. Meanwhile, 24% (up 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 46% (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 : 25-Jan-23

ANZ-Roy Morgan Consumer Confidence fell 1.8pts to 85.9 in the week ended 22 January. Consumer Confidence is now 14.2pts below the same week a year ago (100.1), and 2.8pts below the 2022 weekly average of 88.7. Consumer Confidence was down slightly in most parts of Australia including New South Wales, Victoria, Western Australia and Queensland, but it was up in South Australia. Now 22% of Australians (unchanged) say their families are ‘better off’ financially than this time last year, while 45% (up 2ppts) say their families are ‘worse off’ financially. Some 34% (down 1ppt) of Australians expect their family to be ‘better off’ financially this time next year, while 31% (up 2ppts) expect to be ‘worse off’ financially. Only 9% (up 1ppt) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 30% (down 1ppt) expect ‘bad times’ (the lowest figure for this indicator since late May 2022 – the week after the election of the Albanese Government). Meanwhile, 23% (down 3ppts) of Australians say now is a ‘good time to buy’ major household items, while 47% (up 1ppt) say now is a ‘bad time to buy’.

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

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 87.7 in the week ended 15 January, at its highest level since late September 2022 (87.8). However, Consumer Confidence is 10.5pts below the same week a year ago (97.9), although it is now only 1pt below the 2022 weekly average of 88.7. Consumer Confidence was mixed around Australia and was up in Victoria and Western Australia (for the first time this year), but down in NSW, Queensland and South Australia. Now 22% of Australians (unchanged) say their families are ‘better off’ financially than this time last year, while 43% (down 2ppts) say their families are ‘worse off’ financially. Some 35% (up 2ppts) of Australians expect their family to be ‘better off’ financially this time next year (the highest figure for this indicator since March 2022), while 29% (up 1ppt) expect to be ‘worse off’ financially. Only 8% (down 1ppt) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 31% (down 1ppt) expect ‘bad times’. Meanwhile, 26% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 46% (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 : 11-Jan-23

ANZ-Roy Morgan Consumer Confidence rose 4.9pts to 87.4 in the week ended 8 January, to reach its highest level since late September 2022 (87.8). However, Consumer Confidence is 18.6pts below the same week a year ago (106.0), although it is now only 1.3pts below the 2022 weekly average of 88.7. Consumer Confidence was up in NSW, Victoria, Queensland and South Australia, but down in Western Australia. Now 22% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 45% (down 1ppt) say their families are ‘worse off’ financially. Some 33% (up 3ppts) of Australians expect their family to be ‘better off’ financially this time next year, while 28% (down 5ppts) expect to be ‘worse off’ financially. Only 9% (up 3ppts) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 32% (down 3ppts) expect ‘bad times’. Meanwhile, 26% (up 4ppts) of Australians say now is a ‘good time to buy’ major household items, while 45% (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