ANZ-Roy Morgan Consumer Confidence virtually unchanged at 82.5 in the week before Christmas

Original article by Roy Morgan
Market Research Update – Page: Online : 21-Dec-22

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 82.5 in the week ended 18 December. However, it is 25.9pts below the same week a year ago (108.4) and 6.2pts below the 2022 weekly average of 88.7. Consumer confidence was up slightly in New South Wales and Victoria but down in Queensland, Western Australia and South Australia. Now 23% of Australians (up 2ppts) say their families are ‘better off’ financially than this time last year, while 46% (up 1ppt) 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 33% (also unchanged) 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 35% (up 2ppts) expect ‘bad times’. Meanwhile, 22% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 48% (down 1ppt) say now is a ‘bad time to buy’.

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

ANZ-Roy Morgan Consumer Confidence virtually unchanged at 82.9 despite eighth straight interest rate increase

Original article by Roy Morgan
Market Research Update – Page: Online : 14-Dec-22

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 82.9 in the week ended 11 December. However, it is 25.1pts below the same week a year ago (108.0) and 5.9pts below the 2022 weekly average of 88.8. Consumer confidence was up slightly in New South Wales, Western Australia and South Australia, but down in Victoria and Queensland. Now 21% of Australians (unchanged) say their families are ‘better off’ financially than this time last year, while 45% (down 2ppts) say their families are ‘worse off’ financially. Some 30% (up 1ppt) of Australians expect their family to be ‘better off’ financially this time next year, while 33% (down 1ppt) expect to be ‘worse off’ financially. Only 8% (up 1ppt) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 33% (down 3ppts) expect ‘bad times’. Meanwhile, 23% (down 3ppts) of Australians say now is a ‘good time to buy’ major household items, while 49% (up 4ppts) say now is a ‘bad time to buy’.

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

ANZ-Roy Morgan Consumer Confidence virtually unchanged at 82.7 to start December

Original article by Roy Morgan
Market Research Update – Page: Online : 7-Dec-22

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 82.7 in the week ended 4 December. However, it is now 26.6pts below the same week a year ago (107.5) and 6.3pts below the 2022 weekly average of 89.0. There were mixed results around the nation; Consumer Confidence increased in New South Wales and South Australia but decreased in Victoria, Queensland and Western Australia. Now 21% of Australians (down 4ppts) say their families are ‘better off’ financially than this time last year, while 47% (up 1ppt) say their families are ‘worse off’ financially. Some 29% (down 2ppts) 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 7% (up 1ppt) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 36% (down 3ppts) expect ‘bad times’. Meanwhile, 26% (up 2ppts) of Australians say now is a ‘good time to buy’ major household items (the highest figure for this indicator since early July), while 45% (down 2ppts) say now is a ‘bad time to buy’.

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

ANZ-Roy Morgan Consumer Confidence up 0.8pts to 81.6 – first consecutive weekly increases since late September

Original article by Roy Morgan
Market Research Update – Page: Online : 16-Nov-22

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 81.6 in the week ended 20 November. It is now 25.8pts below the same week a year ago (107.4), and 7.6pts below the 2022 weekly average of 89.2. There were mixed results around the nation; Consumer Confidence decreased in NSW and Queensland, while the other three mainland States all increased. Now 21% of Australians (unchanged) say their families are ‘better off’ financially than this time last year, while 49% (up 3ppts) 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 36% (up 1ppt) expect to be ‘worse off’ financially. Only 7% (down 1ppt) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 39% (unchanged) expect ‘bad times’. Meanwhile, 24% (up 2ppts) of Australians say now is a ‘good time to buy’ major household items, while 46% (down 4ppts) say now is a ‘bad time to buy’.

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

ANZ-Roy Morgan Consumer Confidence up 2.1pts to 80.8 – the weekly increase halts a run of six straight declines

Original article by Roy Morgan
Market Research Update – Page: Online : 16-Nov-22

ANZ-Roy Morgan Consumer Confidence rose 2.1pts to 80.8 in the week ended 13 November. It is now 25.2pts below the same week a year ago (106.0), and 8.6pts below the 2022 weekly average of 89.4. There were mixed results around the nation; Consumer Confidence increased in NSW and Queensland, Victoria was unchanged while the index was down in Western Australia and South Australia. Now 21% of Australians (down 2ppts) say their families are ‘better off’ financially than this time last year, while 46% (down 1ppt) say their families are ‘worse off’ financially. Some 31% (up 2ppt) of Australians expect their family to be ‘better off’ financially this time next year, while 35% (down 3ppts) 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 39% (down 4ppts) expect ‘bad times’. Meanwhile, 22% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 50% (unchanged) say now is a ‘bad time to buy’.

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

ANZ-Roy Morgan Consumer Confidence drops 2.4pts to 82.2 after Australian Dollar drops to lowest since April 2020

Original article by Roy Morgan
Market Research Update – Page: Online : 19-Oct-22

ANZ-Roy Morgan Consumer Confidence fell 2.4pts to 82.2 in the week ended 16 October. It is now 24.8pts below the same week a year ago (107.0), and 8.1pts below the 2022 weekly average of 90.3. Consumer Confidence fell in most States: down in NSW, Victoria, Queensland and South Australia, but there was an improvement in Western Australia. Now 22% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 45% (up 1ppt) 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 34% (up 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 38% (unchanged) expect ‘bad times’. Meanwhile, 22% (down 2ppts) of Australians say now is a ‘good time to buy’ major household items, while 48% (up 3ppts) say now is a ‘bad time to buy’.

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

ANZ-Roy Morgan Consumer Confidence drops 0.9pts to 84.6 after RBA raises interest rates to nine-year high of 2.6%

Original article by Roy Morgan
Market Research Update – Page: Online : 12-Oct-22

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 84.6 in the week ended 9 October. It is now 21pts below the same week a year ago (105.6), and 5.9pts below the 2022 weekly average of 90.5. The fall in Consumer Confidence was patchy, with three States down (NSW, Victoria and WA) and two States increasing slightly (Queensland and SA). Now 23% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 44% (up 2ppts) say their families are ‘worse off’ financially. Some 32% (up 1ppt) 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 6% (unchanged) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 38% (up 2ppts) expect ‘bad times’. Meanwhile, 24% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 45% (up 2ppts) say now is a ‘bad time to buy’.

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

ANZ-Roy Morgan Consumer Confidence drops 2.3pts to 85.5 as AUD and ASX200 fall and the petrol excise is returned

Original article by Roy Morgan
Market Research Update – Page: Online : 5-Oct-22

ANZ-Roy Morgan Consumer Confidence fell 2.3pts to 85.5 in the week ended 2 October. It is now 19.1pts below the same week a year ago (104.6), and 5.1pts below the 2022 weekly average of 90.6. The fall in Consumer Confidence was broad-based, with the index falling in all five mainland States – the first time that has happened since early August. Now 24% of Australians (unchanged) say their families are ‘better off’ financially than this time last year, while 42% (also unchanged) say their families are ‘worse off’ financially. Some 31% (down 1ppt) of Australians expect their family to be ‘better off’ financially this time next year, while 31% (unchanged) expect to be ‘worse off’ financially. Only 6% (down 3ppts) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 36% (up 3ppts) expect ‘bad times’. Meanwhile, 25% (up 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 43% (down 2ppts) say now is a ‘bad time to buy’.

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

ANZ-Roy Morgan Consumer Confidence is virtually unchanged at 86.0 in mid-September

Original article by Roy Morgan
Market Research Update – Page: Online : 21-Sep-22

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 86.0 in the week ended 18 September. However, it is now 17.3pts below the same week a year ago (103.3), and 4.9pts below the 2022 weekly average of 90.9. On a State-by-State basis most were up, including NSW, Queensland and WA but Victoria was down slightly. Now 23% (down 2ppts) of Australians say their families are ‘better off’ financially than this time last year, while 42% (up 1ppt) say their families are ‘worse off’ financially. Some 34% (up 2ppts) of Australians expect their family to be ‘better off’ financially this time next year, while 29% (down 3ppts) expect to be ‘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 2ppts) expect ‘bad times’. Meanwhile, 23% (up 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 46% (down 2ppts) say now is a ‘bad time to buy’.

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

Myer defies rates gloom, tips big Christmas

Original article by Carrie LaFrenz
The Australian Financial Review – Page: 15 : 16-Sep-22

Department store chain Myer released its latest full-year results on 15 September, announcing an underlying net profit of $60.2 million, up 16.5 per cent. Bottom-line profit rose 5.7 per cent to $49 million, while full-year sales were up 12.5 per cent to $2.99 billion; a final dividend of $0.025 per share was declared, to be paid on 7 November. Myer CEO John King said the company was expecting strong trade over the Christmas period, although he expressed fears about the level of consumer confidence, particularly if the Reserve Bank lifts interest rates again at its October meeting.

CORPORATES
MYER HOLDINGS LIMITED – ASX MYR, RESERVE BANK OF AUSTRALIA