Consumers are in surprisingly sunny mood

Original article by Sue Mitchell
The Australian Financial Review – Page: 41 : 25-Jan-18

UBS forcasts that Australian retail sales will rise by 2.6 per cent overall in 2018, while growth in discretionary spending is expected to slow to just two per cent. Craig James of CommSec notes that consumers were upbeat leading into 2018, citing factors such as historically low interest rates, the strong growth in jobs in 2017 and the recent rise in the value of the Australian dollar. However, the ANZ/Roy Morgan Consumer Confidence index has eased 3.3 per cent to 119.9, although consumer confidence is still higher that its long-term average of 112.9.

CORPORATES
COMMONWEALTH SECURITIES LIMITED, ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, DEUTSCHE BANK AG, NONI B LIMITED – ASX NBL, ADAIRS LIMITED – ASX ADH, LOVISA HOLDINGS LIMITED – ASX LOV, RETAIL FOOD GROUP LIMITED – ASX RFG, THE PAS GROUP LIMITED – ASX PGR, AUSTRALIAN PHARMACEUTICAL INDUSTRIES LIMITED – ASX API, PRICELINE PHARMACY, MICHAEL HILL INTERNATIONAL LIMITED – ASX MHJ, EMMA AND ROE, KATHMANDU HOLDINGS LIMITED – ASX KMD, ARNHEM INVESTMENT MANAGEMENT PTY LTD

ANZ-Roy Morgan Consumer Confidence pulls back after three consecutive increases

Original article by Roy Morgan
Market Research Update – Page: Online : 24-Jan-18

ANZ-Roy Morgan Australian Consumer Confidence fell 3.3% to 119.4 in the week ended 21 January, following three consecutive strong reports. The fall was broad based, with views towards current finances leading the pullback. The current finances sub-index fell a sharp 9.1% to 104.7, partially unwinding gains over the previous three weeks. In comparison, views towards future finances fell a more modest 2.2%, following a 0.2% decline in the week prior. Despite the weekly falls, both sub-indices sit above their long-term average. Households’ pessimism also extended towards the economic outlook. Views around current and future economic conditions dipped 3.6% and 1.3% respectively, although both sub-indices remain elevated compared to recent lows.

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

ANZ-Roy Morgan Australian Consumer Confidence ends 2017 on a high at 116.5

Original article by Roy Morgan
Market Research Update – Page: Online : 20-Dec-17

ANZ-Roy Morgan Australian Consumer Confidence rose 1.2% to 116.5 in the week ended 17 December. The details were positive, with all sub-indices except "time to buy a household item" posting gains. Sentiment towards both current and future economic conditions rose for the third straight week (2.4% and 1.1% respectively). This and other gains are indicative of the sustained turnaround in overall sentiment since the low for the year in August. Views towards current financial conditions jumped a solid 3.6%, more than offsetting the 2.7% fall previously. Views towards future financial conditions improved 0.5%, following a 2.8% fall in the previous week. Both sub-indices currently sit above their long-term averages.

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

ANZ-Roy Morgan Australian Consumer Confidence still above average at 115.1 after 0.6% fall

Original article by Roy Morgan
Market Research Update – Page: Online : 13-Dec-17

ANZ-Roy Morgan Australian Consumer Confidence slipped 0.6% to 115.1 in the week ended 10 December, effectively unwinding the 0.7% gain in the previous week, but remaining above its long-run average. The details were mixed; sentiment around financial conditions declined, but the remaining indexes posted small gains. Households continue to remain upbeat about both current and future economic conditions, with the sub-indices up 0.9% and 0.8% respectively. In four-week moving average terms, views towards current economic conditions are at their highest point since late 2013. Views towards current financial conditions fell 2.7%, more than reversing the 1.7% gain previously, and bringing the sub-index to a six-week low. Views towards future financial conditions fell 2.8%. Even so, both sub-indices currently sit above their long-term averages.

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

Indonesians are far more confident than their Australian neighbours

Original article by Roy Morgan
Market Research Update – Page: Online : 8-Dec-17

Consumer Confidence in Australia and its largest neighbour Indonesia has diverged massively since the height of the Australian mining boom in 2010-11. Indonesian Consumer Confidence soared following the Global Financial Crisis in 2008-09, and while the ANZ-Roy Morgan Australian Consumer Confidence Rating improved significantly it has never reached the heights of its northern neighbour. In October 2017 Roy Morgan Indonesian Consumer Confidence was at 153.8, more than 40pts above the figure for ANZ-Roy Morgan Australian Consumer Confidence for the same month of 113.3, although Australian Consumer Confidence has improved slightly over the past few weeks and is now at 115.8. However, in the years 2007-2010 Consumer Confidence in Australia and Indonesia was relatively similar and Australian Consumer Confidence was in fact higher throughout 2007, only dipping below Indonesian Consumer Confidence in mid-2008 as it reached a quarterly low of 94.4 in the December 2008 quarter.

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

ANZ-Roy Morgan Australian Consumer Confidence moderates after recent strength down 1.4pts to 115.0

Original article by Roy Morgan Research
Market Research Update – Page: Online : 29-Nov-17

ANZ-Roy Morgan Australian Consumer Confidence declined in the week ending 26 November, easing 1.2% to 115.0. However, confidence remains above the long term average of 112.9. Three out of five sub-indices posted falls, including both current and future economic conditions. Households’ views towards both current and future economic conditions slipped 3.4% and 3.3% respectively, after two weeks of solid gains. Household views toward the state of their current finances slipped for the fourth consecutive week, down 2.3%, while sentiment around the ‘time to buy a household item’ improved 0.5%, bringing this sub-index back to its long term average (133.8).

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

ANZ-Roy Morgan Consumer Confidence Rating rises to a 16-week high of 116.4

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

ANZ-Roy Morgan Consumer Confidence Rating increased 1.4% to 116.4 in the week ended 19 November 2017, its highest level in 16 weeks. The details were broadly positive, with three out of five sub-indices posting gains, while the other two showed only slight falls. Households’ views towards both current and future economic conditions rose 2.9% and 2.0% respectively. Household views towards the current state of their finances were again pessimistic, but views towards future conditions jumped 3.0%, the first increase in four weeks. Inflation expectations remain unchanged at 4.5% in four-week moving average terms.

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

ANZ-Roy Morgan Australian Consumer Confidence: headline index eases slightly

Original article by Roy Morgan Research
Market Research Update – Page: Online : 8-Nov-17

ANZ-Roy Morgan Australian Consumer Confidence slipped 0.7% to 112.6 in the week ended 5 November 2017, a touch under its long-term average of 112.9. The details were broadly negative, with four out of five sub-indices showing falls. The outlook on economic conditions in the next year rose 2.1%, partially offsetting a 4.5% fall in the previous week. The sub-index on longer-term future economic conditions fell 2.8% to its lowest value in eight weeks. Meanwhile, consumers’ views about current financial conditions eased 0.5% after a solid 5.3% jump the previous week, and the outlook for future financial conditions fell for the third straight week, bringing the index down to its lowest point in 11 weeks.

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

ANZ-Roy Morgan Australian Consumer Confidence virtually unchanged at 113.4

Original article by Roy Morgan Research
Market Research Update – Page: Online : 1-Nov-17

ANZ-Roy Morgan Australian Consumer Confidence edged 0.1% higher to 113.4 in the week ended 29 October 2017, after an 0.8% rise in the previous week. The steady headline result masks some variation between the sub-indices. The outlook on economic conditions in the next year fell 4.5%, more than entirely unwinding the previous 4.3% rise and bringing the sub-index to its lowest value in seven weeks. Consumers were also less optimistic about future economic conditions. This sub-index slipped 1.5%, partially reversing the 3.5% increase in the previous week. In contrast, views about current financial conditions rose a solid 5.3% to 108.4, the highest value since mid-June. The outlook for future financial conditions fell by 1.9%, following a 0.9% fall the previous week. Both sub-indices remain above their long-term averages.

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

ANZ-Roy Morgan Australian Consumer Confidence up 0.8% to 113.3

Original article by Roy Morgan Research
Market Research Update – Page: Online : 25-Oct-17

ANZ-Roy Morgan Australian Consumer Confidence rose 0.8% to 113.3 in the week ended 22 October 2017. This takes the index back above its long-term average. The gain was driven by improvements in expectations for the near- and long-term economic outlook. The outlook on economic conditions over the coming year improved by 4.3% to 103.5, the highest since July, and above the long-term average for the first time in two months. Expectations about economic conditions in the next five years rose 3.5%. Meanwhile, consumers’ views about current financial conditions fell for a second consecutive week, bringing the index value close to the long-term average. The outlook for future financial conditions fell by 0.9% after two consecutive positive readings in the prior weeks.

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