ECONOMIC INDICATORS – AUSTRALIA

ANZ-Roy Morgan Consumer Confidence drops 2.6pts to 84.2 as Australian Dollar and markets fall following Trump Tariffs

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Original article by Roy Morgan
Market Research Update – Page: Online : 16-Apr-25

ANZ-Roy Morgan Consumer Confidence fell 2.6pts to 84.2 in the week to 13 April. Consumer Confidence is now 0.7 points above the same week a year ago (83.5), but 2.4pts below the 2025 weekly average of 86.4. Analysis by State shows that there were decreases in Victoria, Queensland, Western Australia, and South Australia, but a modest increase in New South Wales against the overall trend. Now 20% of Australians (up 1ppt) say their families are ‘better off’ financially than this time last year, while 47% (up 2ppts) say their families are ‘worse off’. Looking forward, 28% (down 2ppts) of Australians expect their family to be ‘better off’ financially this time next year, while 30% (up 2ppts) expect to be ‘worse off’. Now 10% (down 2ppts) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 33% (up 5ppts) expect ‘bad times’. Meanwhile, 22% (up 2ppts) of Australians say now is a ‘good time to buy’ major household items, while 40% (up 1ppt) say now is a ‘bad time to buy’.

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

In March Australian unemployment dropped to 10.2% as both full-time and part-time employment grew

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Original article by Roy Morgan
Market Research Update – Page: Online : 16-Apr-25

In March 2025, Australian ‘real’ unemployment fell 230,000 to 1,604,000 (down 1.3% to 10.2% of the workforce), with significantly fewer people looking for work. The decrease in unemployment was driven by full-time employment (up 29,000 to 9,385,000) and part-time employment (up 34,000 to 4,801,000). However, the Australian workforce dropped 167,000 to 15,790,000 as many of those unemployed decided to leave the workforce. In addition to the unemployed, a further 1.43 million Australians (9.1% of the workforce) were under-employed, i.e. working part-time but looking for more work, down 199,000 from February. In total, 3.03 million Australians (19.3% of the workforce) were either unemployed or under-employed in March. Roy Morgan’s unemployment figure of 10.2% is clearly more than double the ABS estimate of 4.1% for February, and is in line with the combined ABS unemployment and under-employment figure of 10.0%.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS

ANZ-Roy Morgan Consumer Confidence up 1.1pts to 85.3 after the Federal Election Budget is handed down

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Original article by Roy Morgan
Market Research Update – Page: Online : 2-Apr-25

ANZ-Roy Morgan Consumer Confidence rose 1.1pts to 85.3 in the week to 30 March. Consumer Confidence is now 2.5 points above the same week a year ago (82.8), but it is 1.3pts below the 2025 weekly average of 86.5. Analysis by State shows that increases in New South Wales, Queensland and Western Australia drove the weekly up-tick, while there were small declines in Victoria and South Australia. Now 21% of Australians (unchanged) say their families are ‘better off’ financially than this time last year, while 45% (down 4ppts) say their families are ‘worse off’. Looking forward, 28% (down 3ppts) of Australians expect their family to be ‘better off’ financially this time next year, while 29% (down 3ppts) expect to be ‘worse off’. Now 10% (up 2ppts) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 30% (down 2ppts) expect ‘bad times’. Meanwhile, 23% (down 3ppts) of Australians say now is a ‘good time to buy’ major household items, while 39% (down 4ppts) say now is a ‘bad time to buy’ (the lowest figure for this indicator since May 2022).

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

Australian house prices hit new peak for 2025 as rate cut drives buyer demand

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Original article by Cait Kelly
The Guardian Australia – Page: Online : 1-Apr-25

Data from CoreLogic Australia shows that house prices rose by 0.4 per cent nationwide in March; it was the second successive month of house price growth, and followed a decline of 0.5 per cent over the three months to December. Tim Lawless from CoreLogic – which is rebranding as Cotality – attributes the "pretty mild turnaround" to improved consumer sentiment in response to the Reserve Bank’s interest rate cut in February. Separate data from PropTrack shows that dwelling prices rose in every capital city in March.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, PROPTRACK PTY LTD, RESERVE BANK OF AUSTRALIA

ANZ-Roy Morgan Consumer Confidence virtually unchanged at 84.2 in mid-March, with the biggest boost in Queensland

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Original article by Roy Morgan
Market Research Update – Page: Online : 26-Mar-25

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 84.2 in the week to 23 March. The index was unchanged in New South Wales and Victoria, but it increased the most in Queensland following the return to normal after the devastating Cyclone Alfred earlier in the month. Consumer Confidence is now 1.1 points above the same week a year ago (83.1), although it is now 2.4 points below the 2025 weekly average of 86.6. Now 21% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 49% (up 2ppts) 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 32% (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 32% (also unchanged) expect ‘bad times’. Meanwhile, 26% (up 2ppts) of Australians say now is a ‘good time to buy’ major household items, while 43% (unchanged) say now is a ‘bad time to buy’.

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

ANZ-Roy Morgan Inflation Expectations increased to 4.9% in late March – up from 4.6% for the month of February

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Original article by Roy Morgan
Market Research Update – Page: Online : 26-Mar-25

The weekly ANZ-Roy Morgan Inflation Expectations were 4.9% for the week of 17-23 March 2025; this is up 0.3% points from the month of February, following four straight weeks of increases. However, a look at monthly Inflation Expectations for February shows the measure at 4.6% for the month – a decrease of 0.4% points from January, and the lowest monthly Inflation Expectations since September 2021. Looking back over the last year, weekly Inflation Expectations have moved in a band of 4.2% to 5.3% since the start of 2024, and averaged 4.9%. The data for the Inflation Expectations series is drawn from the Roy Morgan Single Source, which has interviewed an average of around 5,300 Australians aged 14+ per month over the last decade.

CORPORATES
ROY MORGAN LIMITED

RBA interest rate bounce in February is short-lived as ANZ-Roy Morgan Consumer Confidence down 2.1pts to 87.7

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Original article by Roy Morgan
Market Research Update – Page: Online : 5-Mar-25

ANZ-Roy Morgan Consumer Confidence fell 2.1pts to 87.7 in the week to 2 March, after a significant increase the week before following the Reserve Bank’s decision to cut official interest rates. However, Consumer Confidence is now 6.1 points above the same week a year ago (81.0), but only 0.6 points above the 2025 weekly average of 87.1. A look at Consumer Confidence by State shows decreases in New South Wales, Queensland, and Western Australia, but small increases in Victoria and South Australia. Now 23% of Australians (up 1ppt) say their families are ‘better off’ financially than this time last year, while 47% (up 3ppts) say their families are ‘worse off’. Looking forward, 34% (down 3ppts) of Australians expect their family to be ‘better off’ financially this time next year, while 29% (up 2ppts) expect to be ‘worse off’. Now 10% (down 1ppt) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 26% (unchanged) expect ‘bad times’. Meanwhile, 24% (unchanged) of Australians say now is a ‘good time to buy’ major household items (the equal lowest figure for this indicator since before the Black Friday sales period), while 44% (also unchanged) say now is a ‘bad time to buy’.

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

Australian women earn nearly $30,000 less than men a year, the governments latest pay gap report finds

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Original article by Kate Lyons, Eelemarni Close-Brown
The Guardian Australia – Page: Online : 4-Mar-25

Data from the Workplace Gender Equality Agency shows that the gender pay gap narrowed at 56 per cent of employers in the year to March 2024. However, the data indicates that the gender pay gap at 72.2 per cent of employers still favours male workers, while just 6.5 per cent have a pay gap that favours women; some 21.3% of employers have a neutral gender pay gap, whereby the difference in wages for male and female workers is no more than five per cent. Meanwhile, the gender pay gap is largest in male-dominated industries such as construction and financial services.

CORPORATES
AUSTRALIA. WORKPLACE GENDER EQUALITY AGENCY

Finance sector has gender balance – except the pay gap

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Original article by Helen Trinca
The Australian – Page: 15 : 4-Mar-25

The Workplace Gender Equality Agency’s latest annual report shows that women now comprise 53 per cent of workers in Australia’s banking, finance and insurance sector. However, the report notes that the gender pay gap in this sector is 22.3 per cent, compared with the national pay gap of 12.1 per cent. The average gender pay gap for the nation’s four major banks ranges from 18.8 per cent to 22.4 per cent; in contrast the average pay gap at Morgan Stanley is 58.6 per cent, although its base salary gap is just 37.3 per cent. Meanwhile, women comprise just 36 per cent of the top remuneration quartile in the financial services industry, and predominantly work in roles that have lower pay.

CORPORATES
AUSTRALIA. WORKPLACE GENDER EQUALITY AGENCY

ANZ-Roy Morgan Inflation Expectations fell to 4.2% in late February – well down from 5.0% for the month of January

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Original article by Roy Morgan
Market Research Update – Page: Online : 26-Feb-25

The weekly ANZ-Roy Morgan Inflation Expectations were 4.2% for the week of 17-23 February 2025; this is down 0.8% points from the month of January, and the lowest since August 2021. However, a look at monthly Inflation Expectations for January 2025 shows the measure at 5.0% for the month – an increase of 0.2% points from December, and just above the average for last year of 4.9%. Looking back over the last year, weekly Inflation Expectations have moved in a band of 4.2% to 5.3% since the start of 2024 and averaged 4.9%. The data for the Inflation Expectations series is drawn from the Roy Morgan Single Source, which has interviewed an average of around 5,300 Australians aged 14+ per month over the last decade and includes interviews with 6,086 Australians aged 14+ in January 2025.

CORPORATES
ROY MORGAN LIMITED