This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,510 online and telephone interviews conducted Australia-wide with men and women aged 14 and over the weekend January 9/10, 2021.
ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 108.9 in the first reading of the year for January 9/10, 2021. Consumer Confidence has started the new year 12.9pts above the 2020 weekly average of 96.0 and is 2.7pts higher than the first week of 2020 (106.2).
There was little change this week compared to the final reading of 2020 pre-Christmas but Australians are more positive than they were about buying major household items – which is at nine month highs in the first week of the new year.
It’s worth noting there is considerable uncertainty about the future economic prospects for the Australian economy with more than half of respondents not able to say whether to expect ‘good times’ or ‘bad times’ for the Australian economy over the next year and next five years.
Current financial conditions
Now 26% (up 2ppts) of Australians say their families are ‘better off’ financially than this time last year and 28% (unchanged), say their families are ‘worse off’ financially.
Future financial conditions
Current economic conditions
Future economic conditions
In the longer term, over a fifth of Australians, 22% (down 2ppts), are expecting ‘good times’ for the economy over the next five years compared to only 13% (down 1ppt) expecting ‘bad times’.
Time to buy a major household item
- In good news for retailers a clear plurality of Australians, 44% (up 1ppt), say now is a ‘good time to buy’ major household items (the highest figure for this indicator for over eleven months since February 1/2, 2020), while only 24% (down 2ppts), say now is a ‘bad time to buy’ (the lowest figure for this indicator for over ten months since February 29/ March 1, 2020).
ANZ Head of Australian Economics, David Plank, commented:
"For the third year in a row, consumer confidence has begun the year on a flat/downbeat note compared to the pre-Christmas level. Given the Brisbane lockdown and the widespread border closures, the effectively flat result for confidence might be seen as a reasonably good outcome. But confidence usually rises over the holiday period. Between 2009 and 2018, consumer confidence rose 3.3% on average between the last survey of December and the first of January. In this context, the result for this survey should be viewed as soft. Interestingly, notwithstanding the short lockdown, confidence in Brisbane and rest of Queensland was up on the pre-Christmas week. On the other hand, confidence in New South Wales and Victoria declined, as borders closed."
Latest ANZ-Roy Morgan Consumer Confidence Releases.
Latest ANZ-Roy Morgan Australian & Asia-Pacific Consumer Confidence Data Tables
ANZ-Roy Morgan Weekly Australian Consumer Confidence Results (All 5 Questions)
ANZ-Roy Morgan 2020 Weekly Australian Consumer Confidence Results
ANZ-Roy Morgan Monthly Australian Consumer Confidence Results (1973-2021)
ANZ-Roy Morgan New Zealand Consumer Confidence Results (All 5 Questions)
Roy Morgan Indonesian Consumer Confidence Results (All 5 Questions)
ANZ-Roy Morgan Asia-Pacific Consumer Confidence Results (Headline Figures)
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
Consumer Confidence – Monthly Detailed Report in Australia.
Business Confidence – Monthly Detailed Report in Australia.
Consumer Banking Satisfaction - Monthly Report in Australia.
You can also view our monitor of Monthly Australian Unemployment & Under-employment Estimates.
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