Original article by Roy Morgan
Market Research Update – Page: Online : 24-Aug-22

ANZ-Roy Morgan Consumer Confidence rose 1.4pts to 85.6 in the week ended 17 August. It is now 16pts below the same week a year ago (101.6). In addition, Consumer Confidence is now 5.9pts below the 2022 weekly average of 91.5, but it is now at its highest since early June 2022. On a State-based level Consumer Confidence increased in New South Wales, Victoria, Queensland and South Australia; there was a slight decline in Western Australia, but Consumer Confidence in that State remains higher than any other State. Now 24% (down 1ppt) 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. In addition, 32% (unchanged) of Australians expect their family to be ‘better off’ financially this time next year, and 30% (down 1ppt) 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 34% (down 3ppts) expect ‘bad times’. Meanwhile, just 22% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items (the lowest figure for this indicator since the early stages of the pandemic in April 2020), while 46% (down 3ppts) say now is a ‘bad time to buy’.

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Original article by Roy Morgan
Market Research Update – Page: Online : 17-Aug-22

ANZ-Roy Morgan Consumer Confidence rose 3.9pts to 84.2 in the week ended 10 August. It is now 16.9pts below the same week a year ago (101.1). In addition, Consumer Confidence is now 7.5pts below the 2022 weekly average of 91.7, but it is now at its highest since late June 2022. On a State-based level Consumer Confidence was up in the two largest States of NSW and Victoria, as well as WA, but down in Queensland and SA. Now 25% (up 3ppts) of Australians say their families are ‘better off’ financially than this time last year, while 41% (down 2ppts) say their families are ‘worse off’ financially. In addition, 32% (up 3ppt) of Australians expect their family to be ‘better off’ financially this time next year, and 31% (down 4ppts) 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 37% (down 8ppts) expect ‘bad times’. Meanwhile, just 23% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 49% (up 1ppt) say now is a ‘bad time to buy’.

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Original article by Roy Morgan
Market Research Update – Page: Online : 10-Aug-22

ANZ-Roy Morgan Consumer Confidence fell 3.8pts to 80.3 in the week ended 7 August. It is now 18.3pts below the same week a year ago (98.6). In addition, Consumer Confidence is now 11.6pts below the 2022 weekly average of 91.9 and at its lowest since early April 2020 during the early stages of the pandemic. On a State-based level Consumer Confidence was down across all five mainland States this week with the largest falls in NSW, South Australia and Western Australia. Now 22% (down 1ppt) of Australians say their families are ‘better off’ financially than this time last year, while 43% (up 1ppt) say their families are ‘worse off’ financially. In addition, 29% (down 3ppts) of Australians expect their family to be ‘better off’ financially this time next year, and 35% (up 3ppts) 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 45% (up 6ppts) expect ‘bad times’ (the highest figure for this indicator since September 2020). Meanwhile, just 23% (unchanged) 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’.

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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-Aug-22

ANZ-Roy Morgan Consumer Confidence rose 1.7pts to 84.1 in the week ended 31 July. However, it is 17.7pts below the same week a year ago (101.8), and 8.2pts below the 2022 weekly average of 92.3. On a State-based level Consumer Confidence was up significantly in Queensland and South Australia, but down slightly in NSW, Victoria and WA. Now 23% (unchanged) of Australians say their families are ‘better off’ financially than this time last year, while 42% (down 1ppt) say their families are ‘worse off’ financially. In addition, 32% (up 2ppts) of Australians expect their family to be ‘better off’ financially this time next year, and 32% (down 3ppts) 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 39% (unchanged) expect ‘bad times’. Meanwhile, just 23% (down 2ppts) of Australians say now is a ‘good time to buy’ major household items, while 45% (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 : 22-Jun-22

ANZ-Roy Morgan Consumer Confidence rose 1.3pts to 81.7 in the week ended 19 June. Despite the increase, Consumer Confidence is still 30.7pts below the same week a year ago (112.4), and it is now 12.9pts below the weekly average of 94.6. On a State-based level Consumer Confidence was up in Victoria, New South Wales and South Australia, but dropped in Queensland and Western Australia. Now 21% (unchanged) 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. In addition, 27% (unchanged) of Australians expect their family to be ‘better off’ financially this time next year, and 33% (down 5ppts) 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 (the lowest figure for this indicator since September 2020), while 38% (down 1ppt) expect ‘bad times’. Meanwhile, just 24% (up 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 Elizabeth Knight
The Sydney Morning Herald – Page: Online : 16-Jun-22

Consumer confidence as measured by ANZ-Roy Morgan has fallen to its lowest level since April 2020; indeed, when the early stages of the COVID-19 pandemic are excluded, consumer confidence is now at a 31-year low. The ANZ Roy Morgan survey took place in the period following the Reserve Bank of Australia’s larger-than-expected 0.5 per cent increase in the cash rate, but before RBA governor Philip Lowe said that inflation is now likely to peak at seven per cent. Consumer confidence surveys are telling us households’ confidence in both financial and economic conditions has significantly deteriorate. If there is a positive to be taken from the plunging consumer sentiment index, it is that the RBA’s measures to take the heat out of inflation by raising rates is already starting to gain traction.

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

ANZ-Roy Morgan Consumer Confidence fell 6.6pts to 80.4 in the week ended 12 June, to its lowest since early April 2020. Consumer Confidence is now 29.6pts below the same week a year ago (111.0), and 14.8pts below the 2022 weekly average of 95.2. On a State-based level Consumer Confidence was down significantly in Victoria, New South Wales, South Australia and Western Australia, but virtually unchanged in Queensland. Now 21% (down 1ppt) of Australians say their families are ‘better off’ financially than this time last year, while 41% (down 1ppt) say their families are ‘worse off’ financially. In addition, 27% (down 5ppts) of Australians expect their family to be ‘better off’ financially this time next year (the lowest figure for this indicator since early April 2020), and 38% (up 6ppts) expect to be ‘worse off’ financially (the highest figure for this indicator since March 2020). Only 8% (unchanged) of Australians now expect ‘good times’ for the Australian economy over the next 12 months (the equal lowest figure for this indicator since October 2020), while 39% (up 5ppts) expect ‘bad times’ (the highest figure for this indicator since September 2020). Meanwhile, just 23% (down 5ppt) of Australians say now is a ‘good time to buy’ major household items (the lowest figure for this indicator since early April 2020), while 49% (up 7ppts) 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

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

ANZ-Roy Morgan Consumer Confidence fell 4.3pts to 95.8 during the second week of March; it is now 15.1pts below the same week a year ago (110.9) and clearly below the 2022 weekly average of 100.6. Consumer Confidence is now below the neutral level of 100 in all States and dropped in New South Wales, Victoria, Queensland and South Australia, but it was up slightly in Western Australia. Now 26% (down 1ppt) of Australians say their families are ‘better off’ financially than this time last year, while 35% (up 4ppts) say their families are ‘worse off’ financially. In addition, 36% (down 1ppt) of Australians expect their family to be ‘better off’ financially this time next year, and 24% (up 4ppts) expect to be ‘worse off’ financially. Just 12% (down 1ppt) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 29% (up 2ppts) expect ‘bad times’. Meanwhile, 35% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 36% (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 : 16-Feb-22

ANZ-Roy Morgan Consumer Confidence fell 1.4pts to 101.8 during the third week of February; it is now 7.4pts below the same week a year ago (109.2), but it remains just above the 2022 weekly average of 101.5. Consumer Confidence this week was down around the country, with the largest decreases in NSW and Tasmania; however, Victoria bucked the trend, with Consumer Confidence up 3pts (107.8). Now 27% (up 1ppt) of Australians say their families are ‘better off’ financially than this time last year, while 30% (up 1ppt) say their families are ‘worse off’ financially. In addition, 35% (up 1ppt) of Australians expect their family to be ‘better off’ financially this time next year, and 19% (up 2ppts) expect to be ‘worse off’ financially. Just 15% (down 2ppts) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 21% (unchanged) expect ‘bad times’. Meanwhile, 34% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 34% (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 : 9-Feb-22

ANZ-Roy Morgan Consumer Confidence fell 1.9pts to 99.9 during the first week of February; it is 11.5pts below the same week a year ago (111.4), and just below the 2022 weekly average of 101.1. Consumer Confidence has decreased 9pts in Western Australia and 14pts in Perth, indicating dissatisfaction with the state’s continuing border closure. Now 23% (down 4ppts) of Australians say their families are ‘better off’ financially than this time last year, while 32% (up 4ppts) say their families are ‘worse off’ financially. In addition, 35% (down 2ppts) of Australians expect their family to be ‘better off’ financially this time next year, and 21% (up 3ppts) expect to be ‘worse off’ financially. However, just 14% (down 1ppt) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 26% (down 1ppt) expect ‘bad times’. Meanwhile, 36% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 33% (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