“ANZ-Roy Morgan Australian Consumer Confidence has picked up notably over the past few weeks, with the 4-week average now standing at a 2½-year high. Household confidence has likely been supported by a combination of positive factors: the RBA’s rate cut last month, robust economic growth, ongoing strength in the housing market and an improving labour market.
"The strength in the labour market in particular is likely to have been a key factor in the improvement in consumer confidence over recent months. And, as we’ve highlighted previously, it’s likely to continue to be a key driver of confidence.
"Over the next few weeks, confidence has a few hurdles to overcome. This week’s Brexit vote, with its ability to drive volatility on financial markets, has the potential to impact domestic confidence, while closer to home the federal election campaign could affect confidence as we draw nearer to polling date on 2 July, although to date there are few signs that the long campaign has weighed on sentiment.”
Click here to view the PDF of the latest ANZ-Roy Morgan Weekly Consumer Confidence Release.
Latest ANZ-Roy Morgan Consumer Confidence Releases
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Related Research Reports
The latest Roy Morgan Consumer Confidence Monthly Report is available on the Roy Morgan Online Store. It provides demographic breakdowns for Age, Sex, State, Region (Capital Cities/ Country), Generations, Lifecycle, Socio-Economic Scale, Work Status, Occupation, Home Ownership, Voting Intention, Roy Morgan Value Segments and more.
You can also view our monitor of Monthly Australian Unemployment & Under-employment Estimates.
The week that was June 13-19, 2016
Turnbull orders Libs to preference Labor ahead of Greens
ALP vows to increase hospital funding by $2 billion more than Coalition
'Every element' of Medicare will stay in Government hands: Turnbull
Government promises $49.2 million lifeline for Arrium
No plans to change penalty rates': Malcolm Turnbull
CFA boss Lucinda Nolan tenders her resignation
Turnbull regrets hosting homophobic Islamic cleric at Kirribilli dinner
Turnbull orders urgent visa review of anti-gay Islamic cleric
The PM makes a reef pledge while Labor ups the ante on the NBN
50,000 more mining jobs set for the axe as boom ends
- Turnbull's $1b plan to protect Great Barrier Reef