Original article by Roy Morgan
Market Research Update – Page: Online : 28-Aug-24

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 82.6 in the week to 25 August; however, the index has now spent a record 82 straight weeks below the mark of 85. Consumer Confidence is now 4.5 points above the same week a year ago (78.1), and 0.7 points above the 2024 weekly average of 81.9. Consumer Confidence is up in Victoria and Western Australia, but down in New South Wales, Queensland and South Australia. Now 21% of Australians (down 2ppts) say their families are ‘better off’ financially than this time last year, while 48% (up 1ppt) say their families are ‘worse off’. Looking forward, 32% (unchanged) of Australians expect their family to be ‘better off’ financially this time next year, while 33% (up 1ppt) expect to be ‘worse off’. Now 8% (unchanged) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 33% (also unchanged) expect ‘bad times’. Meanwhile, 23% (up 3ppts) 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 : 21-Aug-24

ANZ-Roy Morgan Consumer Confidence fell 0.9pts to 83.0 in the week to 18 August; the index has now spent a record 81 straight weeks below the mark of 85. However, Consumer Confidence is now 7.2 points above the same week a year ago (75.8), and 2.1 points above the 2024 weekly average of 81.9. A look at Consumer Confidence by State shows that the index decreased in most States, including New South Wales, Victoria, Western Australia and South Australia, although it was up slightly in Queensland. 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, 32% (unchanged) of Australians expect their family to be ‘better off’ financially this time next year, while 32% (down 1ppt) expect to be ‘worse off’. Now 8% (down 1ppt) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 33% (down 1ppt) expect ‘bad times’. Meanwhile, 20% (down 4ppts) of Australians say now is a ‘good time to buy’ major household items, while 49% (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 : 14-Aug-24

ANZ-Roy Morgan Consumer Confidence rose 2.6pts to 83.9 in the week to 11 August; however, the index has now spent a record 80 straight weeks below the mark of 85. Consumer Confidence is now 5.7 points above the same week a year ago (78.2), and 3.1 points above the 2024 weekly average of 81.8. A look at Consumer Confidence by State shows that the index increased in most States including Victoria, Queensland, Western Australia and South Australia, but it was down slightly in New South Wales. Now 24% of Australians (up 3ppts) say their families are ‘better off’ financially than this time last year (the highest figure for this indicator since November 2022), while 47% (down 4ppts) say their families are ‘worse off’ (the lowest figure for this indicator since February 2023). Looking forward, 32% (up 2ppts) of Australians expect their family to be ‘better off’ financially this time next year, while 33% (down 1ppt) expect to be ‘worse off’. Now 9% (up 1ppt) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 34% (unchanged) expect ‘bad times’. Meanwhile, 24% (up 2ppts) 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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ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Original article by Roy Morgan
Market Research Update – Page: Online : 7-Aug-24

ANZ-Roy Morgan Consumer Confidence fell 1.8pts to 81.3 in the week to 4 August; the index has now spent a record 79 straight weeks below the mark of 85. However, Consumer Confidence is now 6.3 points above the same week a year ago (75.0), although it is 0.5 points below the 2024 weekly average of 81.8. A look at Consumer Confidence by State shows there were mixed results, with small increases in New South Wales and Victoria, virtually unchanged in South Australia and significant decreases in Queensland and Western Australia. Now 21% of Australians (unchanged) say their families are ‘better off’ financially than this time last year, while 51% (up 2ppts) say their families are ‘worse off’. Looking forward, 30% (down 2ppts) of Australians expect their family to be ‘better off’ financially this time next year, while 34% (up 3ppts) expect to be ‘worse off’. Now 8% (down 1ppt) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 34% (down 1ppt) expect ‘bad times’. Meanwhile, 22% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 46% (down 2ppts) say now is a ‘bad time to buy’ (the lowest figure for this indicator since January 2023).

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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 : 31-Jul-24

ANZ-Roy Morgan Consumer Confidence fell 1.3pts to 83.1 in the week to 28 July; the index has now spent a record 78 straight weeks below the mark of 85. However, Consumer Confidence is now 4.7 points above the same week a year ago (78.4), and 1.3 points above the 2024 weekly average of 81.8. A look at Consumer Confidence by State shows that there were decreases in most states, including New South Wales, Queensland, and South Australia; the index was unchanged in Victoria and went against the trend with an increase in Western Australia. Now 21% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 49% (unchanged) 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 31% (down 1ppt) expect to be ‘worse off’. Now 9% (down 3ppts) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 35% (up 2ppts) expect ‘bad times’. Meanwhile, 23% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 48% (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 : 24-Jul-24

ANZ-Roy Morgan Consumer Confidence rose 5.9pts to 84.4 in the week to 21 July; this is the largest weekly jump since mid-April 2021, when the index jumped 6.4pts. However, Consumer Confidence has now spent a record 77 straight weeks below the mark of 85. Consumer Confidence is now 9.2 points above the same week a year ago (75.2), but it is 2.7 points below the 2024 weekly average of 81.7. A look at Consumer Confidence by State shows that there were increases in most States led by a large rise in Queensland, and up strongly in New South Wales, Victoria and South Australia, although there was a dip against the trend in Western Australia. Now 22% of Australians (up 2ppt) say their families are ‘better off’ financially than this time last year, while 49% (down 4ppts) say their families are ‘worse off’. Looking forward, 33% (up 3ppts) of Australians expect their family to be ‘better off’ financially this time next year, while 32% (down 3ppts) expect to be ‘worse off’. Now 12% (up 4ppts) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 33% (down 4ppts) expect ‘bad times’. Meanwhile, 23% (up 3ppts) of Australians say now is a ‘good time to buy’ major household items, while 47% (down 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 : 17-Jul-24

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 78.5 in the week to 14 July; however, it has now spent a record 76 straight weeks below the mark of 85. Consumer Confidence is 5.9 points above the same week a year ago (72.6), but it is now 3.1 points below the 2024 weekly average of 81.6. Consumer Confidence was up in Victoria and Western Australia, down in Queensland and South Australia but virtually unchanged in NSW. Now 20% of Australians (up 1ppt) say their families are ‘better off’ financially than this time last year, while 53% (unchanged) say their families are ‘worse off’. Looking forward, 30% (down 1ppt) of Australians expect their family to be ‘better off’ financially this time next year, while 35% (unchanged) expect to be ‘worse off’. Now 8% (unchanged) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 37% (up 1ppt) expect ‘bad times’. Meanwhile, 20% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 49% (down 2ppts) say now is a ‘bad time to buy’.

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

Original article by Roy Morgan
Market Research Update – Page: Online : 10-Jul-24

ANZ-Roy Morgan Consumer Confidence fell 2.3pts to 79.0 in the week to 7 July, its biggest weekly decline so far this year. Consumer Confidence has now spent a record 75 straight weeks below the mark of 85; although Consumer Confidence is now 5.7 points above the same week a year ago (73.3), it is 2.8 points below the 2024 weekly average of 81.8. Consumer Confidence was down in New South Wales, Victoria, Western Australia and South Australia, but virtually unchanged in Queensland. Now 19% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 53% (up 3ppts) say their families are ‘worse off’. Looking forward, 31% (unchanged) of Australians expect their family to be ‘better off’ financially this time next year, while 35% (down 1ppt) expect to be ‘worse off’. Now 8% (unchanged) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 36% (down 1ppt) expect ‘bad times’. Meanwhile, 21% (down 4ppts) of Australians say now is a ‘good time to buy’ major household items (the biggest drop for this indicator so far this year), while 51% (up 5ppts) say now is a ‘bad time to buy’ (the largest increase for this indicator so far this year).

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

Original article by Roy Morgan
Market Research Update – Page: Online : 3-Jul-24

ANZ-Roy Morgan Consumer Confidence rose 0.9pts to 81.3 in the week to 30 June, although it has now spent a record 74 straight weeks below the mark of 85. Consumer Confidence is 7.2 points above the same week a year ago (74.1), but it is still 0.6 points below the 2024 weekly average of 81.9. Consumer Confidence was unchanged in the two largest States of New South Wales and Victoria, and up slightly in Queensland, WA and SA. Now 20% of Australians (up 1ppt) say their families are ‘better off’ financially than this time last year, while 50% (down 2ppts) say their families are ‘worse off’. Looking forward, 31% (up 1ppt) of Australians expect their family to be ‘better off’ financially this time next year, while 36% (up 1ppt) expect to be ‘worse off’. Now 8% (unchanged) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 37% (up 2ppts) expect ‘bad times’. Meanwhile, 25% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 46% (down 2ppts) say now is a ‘bad time to buy’ (the lowest figure for this indicator since the first week of January).

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

Original article by Roy Morgan
Market Research Update – Page: Online : 26-Jun-24

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 80.4 in the week to 23 June, although it has now spent a record 73 straight weeks below the mark of 85. Consumer Confidence is now 5.5 points above the same week a year ago (74.9), but is still 1.5 points below the 2024 weekly average of 81.9. A look at Consumer Confidence by State shows that there were increases in NSW and Victoria, but modest declines in Queensland, WA and SA. Now 19% of Australians (up 1ppt) say their families are ‘better off’ financially than this time last year, while 52% (down 1ppt) say their families are ‘worse off’. Looking forward, 30% (down 3ppts) of Australians expect their family to be ‘better off’ financially this time next year, while 35% (up 3ppts) expect to be ‘worse off’. Now 8% (down 1ppt) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 35% (unchanged) expect ‘bad times’. Meanwhile, 25% (up 4ppts) of Australians say now is a ‘good time to buy’ major household items, while 48% (down 2ppts) say now is a ‘bad time to buy’.

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