Original article by Roy Morgan
Market Research Update – Page: Online : 6-Nov-24

ANZ-Roy Morgan Consumer Confidence was unchanged at 86.5 in the week to 3 November; however, it has stayed above the mark of 85 for a third consecutive week for the first time since January 2023. Consumer Confidence is now 8.7 points above the same week a year ago (77.8), and 4 points above the 2024 weekly average of 82.5. A look at Consumer Confidence by State shows varied results around the country with small increases in NSW, Victoria, and SA, an unchanged result in Queensland and a small decline in WA. Now 23% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 47% (unchanged) say their families are ‘worse off’. Looking forward, 35% (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’. Now 10% (unchanged) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 28% (down 1ppt) expect ‘bad times’. Meanwhile, 22% (down 1ppt) 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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ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Original article by Roy Morgan
Market Research Update – Page: Online : 30-Oct-24

ANZ-Roy Morgan Consumer Confidence fell 1.1pts to 86.4 in the week to 27 October; however, Consumer Confidence has stayed above the mark of 85 for a second consecutive week for the first time since January 2023. Consumer Confidence is now 11.4 points above the same week a year ago (75.0), and 4 points above the 2024 weekly average of 82.4. A look at Consumer Confidence by State shows the measure driven down by falls in New South Wales, Queensland and South Australia, virtually unchanged in Victoria and up in Western Australia. Now 24% of Australians (unchanged) say their families are ‘better off’ financially than this time last year (the equal highest figure for this indicator since November 2022), while 47% (up 2ppts) say their families are ‘worse off’. Looking forward, 34% (unchanged) of Australians expect their family to be ‘better off’ financially this time next year, while 31% (up 2ppts) expect to be ‘worse off’. Now 10% (up 2ppts of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 29% (up 1ppt) expect ‘bad times’. Meanwhile, 23% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 45% (unchanged) say now is a ‘bad time to buy’ (the equal lowest figure for this indicator since October 2022).

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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 : 23-Oct-24

ANZ-Roy Morgan Consumer Confidence rose 4.1pts to 87.5 in the week to 20 October. Consumer Confidence has broken out of the sub-85 range for the first time in 90 weeks, and it now at its highest since January 2023; Consumer Confidence is also now 9.3 points above the same week a year ago (78.2), and 5.2 points above the 2024 weekly average of 82.3. A look at Consumer Confidence by State shows increases in all five mainland States this week, with the largest increases in New South Wales, Queensland and South Australia. Now 24% of Australians (up 3ppts) say their families are ‘better off’ financially than this time last year, while 45% (down 4ppts) say their families are ‘worse off’ (the lowest figure for this indicator since January 2023). Looking forward, 34% (up 1ppt) of Australians expect their family to be ‘better off’ financially this time next year, while 29% (down 2ppts) expect to be ‘worse off’ (the lowest figure for this indicator since January 2023). However, only 8% (down 2ppts) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 28% (down 2ppts) expect ‘bad times’ (the lowest figure for this indicator since April 2022). Meanwhile, 24% (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’ (the lowest figure for this indicator since October 2022).

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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-Oct-24

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 83.4 in the week to 13 October. Consumer Confidence has now spent a record 89 straight weeks below the mark of 85; however, it is now 7 points above the same week a year ago and 1.3 points above the 2024 weekly average of 82.1. Consumer Confidence was up in New South Wales, down in Victoria, Queensland, and South Australia, and unchanged in Western Australia. Now 21% of Australians (down 2ppts) say their families are ‘better off’ financially than this time last year, while 49% (up 1ppt) say their families are ‘worse off’. Looking forward, 33% (down 3ppts) of Australians expect their family to be ‘better off’ financially this time next year, while 31% (unchanged) expect to be ‘worse off’. Now 10% (up 1ppt) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 30% (down 2ppts) expect ‘bad times’. Meanwhile, 20% (unchanged) 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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ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Original article by Roy Morgan
Market Research Update – Page: Online : 9-Oct-24

ANZ-Roy Morgan Consumer Confidence rose 1.5pts to 83.5 in the week to 6 October. Despite the increase, Consumer Confidence has now spent a record 88 straight weeks below the mark of 85. However, it is now 3.4 points above the same week a year ago (80.1), and in line with the 2024 weekly average of 82.1. Consumer Confidence was up in New South Wales, Queensland and Western Australia, unchanged in Victoria, and down in South Australia. Now 23% of Australians (up 3ppts) say their families are ‘better off’ financially than this time last year, while 48% (down 5ppts) say their families are ‘worse off’. Looking forward, 36% (up 4ppts) of Australians expect their family to be ‘better off’ financially this time next year (the highest figure for this indicator since March 2022), while 31% (unchanged) expect to be ‘worse off’. Now 9% (unchanged) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 32% (up 1ppt) expect ‘bad times’. Meanwhile, 20% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 49% (also unchanged) 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 : 2-Oct-24

ANZ-Roy Morgan Consumer Confidence fell 2.9pts to 82.0 in the week to 29 September. Consumer Confidence has now spent a record 87 straight weeks below the mark of 85; however, it is still 3.8 points above the same week a year ago (78.2), and in line with the 2024 weekly average of 82.1. Consumer Confidence was down in New South Wales, Queensland and Western Australia, but unchanged in Victoria and South Australia. Now 20% of Australians (down 3ppts) say their families are ‘better off’ financially than this time last year, while 53% (up 5ppts) say their families are ‘worse off’. Looking forward, 32% (down 2ppts) of Australians expect their family to be ‘better off’ financially this time next year, while 31% (unchanged) expect to be ‘worse off’. Now 9% (down 1ppt) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 31% (unchanged) expect ‘bad times’. Meanwhile, 20% (down 2ppts) of Australians say now is a ‘good time to buy’ major household items, while 49% (unchanged) 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 : 25-Sep-24

ANZ-Roy Morgan Consumer Confidence rose 0.8pts to 84.9 in the week to 22 September; despite the increase, Consumer Confidence has spent a record 86 straight weeks below the mark of 85. Consumer Confidence is now 8.5 points above the same week a year ago (76.4), and 2.8pts above the 2024 weekly average of 82.1. Consumer Confidence was up in New South Wales and South Australia, unchanged in Victoria and Queensland, and down in WA. Now 23% of Australians (up 1ppt) say their families are ‘better off’ financially than this time last year, while 48% (unchanged) say their families are ‘worse off’. Looking forward, 34% (up 1ppt) of Australians expect their family to be ‘better off’ financially this time next year, while 31% (up 1ppt) expect to be ‘worse off’. Now 10% (up 1ppt) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 31% (down 1ppt) expect ‘bad times’. Meanwhile, 22% (down 1ppt) 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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ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

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

ANZ-Roy Morgan Consumer Confidence rose 1.8pts to 84.1 in the week to 15 September; despite the increase, Consumer Confidence has spent a record 85 straight weeks below the mark of 85. Consumer Confidence is now 4.3 points above the same week a year ago (76.4), and 2.1pts above the 2024 weekly average of 82.0. Consumer Confidence is up in Victoria and Western Australia, but down slightly in NSW, Queensland and South Australia. Now 22% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 48% (up 1ppt) say their families are ‘worse off’. Looking forward, 33% (up 1ppt) of Australians expect their family to be ‘better off’ financially this time next year, while 30% (down 2ppts) expect to be ‘worse off’. Now 9% (unchanged) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 32% (down 2ppts) expect ‘bad times’. Now 23% (up 3ppts) of Australians say now is a ‘good time to buy’ major household items, while 48% (unchanged) 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 : 11-Sep-24

ANZ-Roy Morgan Consumer Confidence was down 0.8pts to 82.3 in the week to 8 September; the index has now spent a record 84 straight weeks below the mark of 85. However, Consumer Confidence is now 4.7 points above the same week a year ago (77.6), and virtually identical to the 2024 weekly average of 81.9. Consumer Confidence was down in NSW, Victoria, Western Australia and South Australia, but up in Queensland. Now 23% of Australians (unchanged) say their families are ‘better off’ financially than this time last year, while 47% (down 3ppts) say their families are ‘worse off’. Looking forward, 32% (down 1ppt) of Australians expect their family to be ‘better off’ financially this time next year, while 32% (up 1ppt) expect to be ‘worse off’. Now 9% (unchanged) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 34% (up 1ppt) expect ‘bad times’. Now 20% (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’. Meanwhile, Inflation Expectations were stable at a 32-month low of 4.6% this week.

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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 : 4-Sep-24

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 83.1 in the week to 1 September; the index has now spent a record 83 straight weeks below the mark of 85. However, Consumer Confidence is now 4.4 points above the same week a year ago (78.7), and it is now 1.2 points above the 2024 weekly average of 81.9. A look at Consumer Confidence by State shows mixed results, with Consumer Confidence up in NSW and SA, down in Queensland and Western Australia, and virtually unchanged in Victoria. Now 23% of Australians (up 2ppts) say their families are ‘better off’ financially than this time last year, while 50% (up 2ppts) say their families are ‘worse off’. Looking forward, 33% (up 1ppt) of Australians expect their family to be ‘better off’ financially this time next year, while 31% (down 2ppts) expect to be ‘worse off’. Now 9% (up 1ppt) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 33% (unchanged) expect ‘bad times’. Now 21% (down 2ppts) of Australians say now is a ‘good time to buy’ major household items, while 49% (unchanged) say now is a ‘bad time to buy’. Meanwhile, Inflation expectations eased 0.2ppt to 4.6% this week, its lowest reading since late 2021.

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