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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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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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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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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Original article by Roy Morgan
Market Research Update – Page: Online : 2-Feb-22

ANZ-Roy Morgan Consumer Confidence rose 1.7pts to 101.8 during the fourth week of January; however, Consumer Confidence is still 10.3pts below the same week a year ago (112.1), and it is now just above the 2022 weekly average of 101.5. On a State-based level, Consumer Confidence increased in New South Wales (up 6pts) and Western Australia (up 4.5pts) – the week after WA Premier Mark McGowan announced an extension to his State’s border closure – but it was down slightly in Victoria (down 2.6pts) and Queensland (down 0.6pts). Now 27% (unchanged) of Australians say their families are ‘better off’ financially than this time last year, while 28% (up 1ppt) say their families are ‘worse off’ financially. In addition, 37% (up 2ppts) of Australians expect their family to be ‘better off’ financially this time next year, and 18% (up 1ppt expect to be ‘worse off’ financially. However, just 15% (up 4ppts) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 27% (down 1ppt) expect ‘bad times’. Meanwhile, 36% (up 2ppts) of Australians say now is a ‘good time to buy’ major household items, while 34% (down 1ppt) say now is a ‘bad time to buy’.

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

ANZ-Roy Morgan Consumer Confidence decreased during the second week of January, down 8.1pts to 97.9 and is now at its lowest since October 2020 during Victoria’s second wave of COVID-19. In addition, Consumer Confidence is now 10.8 pts below the same week a year ago (108.7). The fall is likely related to several factors including the surging ‘Omicron variant’ of COVID-19 which has also led to shortages in PCR tests, Rapid Antigen tests, vaccine dose availability for children aged 5-11 (which began last week), and supply chain issues with shortages of key goods in supermarkets and other retailers. Many Australians have also returned from their holidays and were back at work last week after a positive Consumer Confidence reading to start the year. Consumer Confidence this week was down in all States, except in South Australia – in which Consumer Confidence had already dropped a week ago, and is now below the neutral level of 100 in all States. Driving the decrease were negative movements across the index, with particularly large falls in personal finances compared to a year ago and current buying intentions.

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

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 108.4 on 18/19 December. Consumer Confidence is in line with the 2021 weekly average of 108.1, and it is now 0.6 pts below the same week a year ago (109.0). Consumer Confidence this week was up in New South Wales (+4.8pts) and Victoria, but saw modest drops in the smaller states of Queensland, WA, SA and Tasmania. Now 32% (up 2 ppts) of Australians say their families are ‘better off’ financially than this time last year, while 27% (down 2ppts) say their families are ‘worse off’ financially. In addition, 38% (up 1 ppt) of Australians expect their family to be ‘better off’ financially this time next year, and 16% (unchanged) expect to be ‘worse off’ financially. Some 19% (up 1ppt) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 20% (up 2ppts) expect ‘bad times’. Meanwhile, 41% (down 2ppts) of Australians say now is a ‘good time to buy’ major household items, while 30% (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-Dec-21

ANZ-Roy Morgan Consumer Confidence fell 1.4pts to 106.0 on 27/28 November; it is now below the 2021 weekly average of 108.1 and 1.5pts lower than the same week a year ago (107.5). Consumer Confidence this week was down in Victoria, Queensland and WA, while increasing slightly in NSW and SA. Now 27% (down 2ppts) of Australians say their families are ‘better off’ financially than this time last year, while 29% (up 3ppts) say their families are ‘worse off’ financially. In addition, 37% (unchanged) of Australians expect their family to be ‘better off’ financially this time next year, and 17% (also unchanged) expect to be ‘worse off’ financially. Some 18% (unchanged) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 20% (also unchanged) expect ‘bad times’. Meanwhile, 42% (up 3ppts) of Australians say now is a ‘good time to buy’ major household items (the highest figure for this indicator since early July 2021), while 26% (down 2ppts) say now is a ‘bad time to buy’ (the lowest figure for this indicator since early July).

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