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

Original article by Roy Morgan
Market Research Update – Page: Online : 19-Jul-23

ANZ-Roy Morgan Consumer Confidence fell 0.7pts to 72.6 in the week to 16 July. Consumer Confidence has now spent 20 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 9.2pts below the same week a year ago (81.8), and 5.8pts below the 2023 weekly average of 78.4. Consumer Confidence was down in New South Wales and Victoria, but up slightly Queensland, WA and SA. Now only 17% of Australians (down 2ppts) say their families are ‘better off’ financially than this time last year, while 57% (up 4ppts) say their families are ‘worse off’ financially (a new record high for this indicator in 50 years of interviewing). Some 28% (up 1ppt) of Australians now expect their family to be ‘better off’ financially this time next year, while 40% (up 1ppt) expect to be ‘worse off’ financially. Only 6% (unchanged) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 42% (down 1ppt) expect ‘bad times’. Meanwhile, 18% (up 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 57% (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 : 12-Jul-23

ANZ-Roy Morgan Consumer Confidence fell 0.8pts to 73.3 in the week to 9 July. Consumer Confidence has now spent 19 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 8.3pts below the same week a year ago (81.6), and 5.3pts below the 2023 weekly average of 78.6. Consumer Confidence was unchanged in New South Wales but down in Victoria, Queensland, WA and SA. Now only 19% of Australians (unchanged) say their families are ‘better off’ financially than this time last year, while 53% (down 3ppts) say their families are ‘worse off’ financially. Some 27% (down 1ppt) of Australians now expect their family to be ‘better off’ financially this time next year, while 39% (down 1ppt) expect to be ‘worse off’ financially. Only 6% (unchanged) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 43% (also unchanged) expect ‘bad times’. Meanwhile, 17% (down 4ppts) of Australians say now is a ‘good time to buy’ major household items, while 56% (up 4ppts) say now is a ‘bad time to buy’.

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

Original article by Roy Morgan
Market Research Update – Page: Online : 5-Jul-23

ANZ-Roy Morgan Consumer Confidence fell 0.8pts to 74.1 in the week to 2 July. Consumer Confidence has now spent 18 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 9.6pts below the same week a year ago (83.7), and 4.7pts below the 2023 weekly average of 78.8. Consumer Confidence was down in NSW, Victoria and Queensland, but up in WA and SA. Now only 19% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 56% (up 1ppt) say their families are ‘worse off’ financially (the equal record high for this indicator). Some 28% (unchanged) of Australians now expect their family to be ‘better off’ financially this time next year, while 40% (down 1ppt) expect to be ‘worse off’ financially. Only 6% (unchanged) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 43% (also unchanged) expect ‘bad times’. Meanwhile, 21% (up 1ppt) 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 : 28-Jun-23

ANZ-Roy Morgan Consumer Confidence rose 2.5pts to 74.9 in the week to 25 June. However, Consumer Confidence has now spent 17 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 9.8pts below the same week a year ago (84.7), and 4.1pts below the 2023 weekly average of 79.0. Consumer Confidence was up in NSW and Queensland, but down in Victoria, WA and SA. Now 20% of Australians (up 5ppts) say their families are ‘better off’ financially than this time last year, while 55% (down 1ppt) say their families are ‘worse off’ financially. Some 28% (up 1ppt) of Australians now expect their family to be ‘better off’ financially this time next year, while 41% (up 2ppts) expect to be ‘worse off’ financially (the highest figure for this indicator since August 1989). Only 6% (up 1 ppt) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 43% (down 1ppt) expect ‘bad times’. Meanwhile, 20% (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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ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Original article by Roy Morgan
Market Research Update – Page: Online : 21-Jun-23

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 72.4 (down 0.3 points) in the week to 18 June. Consumer Confidence has now spent 16 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 9.3pts below the same week a year ago (81.7), and 6.8pts below the 2023 weekly average of 79.2. Consumer Confidence was up in Victoria, WA and SA, but down in NSW and Queensland. Now only 15% of Australians (down 2ppts) say their families are ‘better off’ financially than this time last year (a new record low for this indicator), while 56% (unchanged) say their families are ‘worse off’ financially (an equal record high for this indicator). Some 27% (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), while 39% (down 1ppt) expect to be ‘worse off’ financially. Only 5% (down 1ppt) of Australians expect ‘good times’ for the Australian economy over the next 12 months (the lowest figure for this indicator since August 2020), while 44% (up 1ppt) expect ‘bad times’. Meanwhile, 20% (up 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 53% (down 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 : 15-Jun-23

ANZ-Roy Morgan Consumer Confidence fell 3.1 points to 72.7 in the week to 11 June, to its lowest since early April 2020. Consumer Confidence has now spent 15 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 7.7pts below the same week a year ago (80.4) and 6.8pts below the 2023 weekly average of 79.5. Consumer Confidence was up in NSW, but down in Victoria, Queensland, WA and SA. Now 17% of Australians (unchanged) say their families are ‘better off’ financially than this time last year, while 56% (up 2ppts) say their families are ‘worse off’ financially (a new record high for this indicator). Some 28% (unchanged) of Australians now expect their family to be ‘better off’ financially this time next year, while 40% (up 1ppt) expect to be ‘worse off’ financially (the highest figure for this indicator since August 1989). Only 6% (up 1 ppt) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 43% (up 4ppts) expect ‘bad times’ (the highest figure for this indicator since August 2022). Meanwhile, 19% (down 2ppts) of Australians say now is a ‘good time to buy’ major household items, while 57% (up 5ppts) say now is a ‘bad time to buy’ (the highest figure for this indicator since the very start of the pandemic in March 2020).

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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 : 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’.

CORPORATES
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’.

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