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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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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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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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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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’.

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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’.

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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’.

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