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ANZ-Roy Morgan Australian Consumer Confidence falls 2.2% to 117.9

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,028 face-to-face interviews conducted Australia-wide with men and women aged 14 and over last weekend October 1/2, 2016.
ANZ-Roy Morgan Australian Consumer Confidence fell 2.2% to 117.9 this week, unwinding part of last week’s rise.

  • The fall in the index was broad based, with each sub-index posting a small decrease. Consumers’ views towards their current finances fell 2.7%, while views towards future finances declined 1.4%.

  • Households were also less optimistic about the economic outlook. Views toward the 12-month and 5-year economic outlook slipped 2.1% and 1.4% respectively.

  • Household views on whether ‘now is a good time to buy a household item’ fell a solid 3.8%.

  • The inflation expectations series – as introduced in our Australian Insight What’s driving the decline in ANZ-Roy Morgan consumer inflation expectations? – remains at 4.0%.
ANZ Head of Australian Economics Felicity Emmett commented:

“ANZ-Roy Morgan Australian Consumer Confidence remains volatile. But looking past the weekly ups and downs, the four week average has been on the rise since early 2016 and remains well above its long run average.

"Importantly, consumers remain particularly optimistic about their own finances. A strong housing market and ongoing improvement in the labour market are key factors here. However, this optimism has not been reflected in consumer spending of late. Retail sales have been soft, and overall consumer spending growth stepped down in Q2. On this front, we’ll be watching this week’s read on August retail sales to give us an idea as to whether the recent strength in confidence has translated into stronger spending.”

ANZ-Roy Morgan Australian Consumer Confidence Rating - October 4, 2016 - 117.9

ANZ-Roy Morgan Australian Consumer Confidence Rating - October 4, 2016 - 117.9

ANZ-Roy Morgan Australian Consumer Confidence Rating - October 4, 2016 - 117.9

Click here to view the PDF of the latest ANZ-Roy Morgan Weekly Consumer Confidence Release.

Latest ANZ-Roy Morgan Consumer Confidence Releases

Latest ANZ-Roy Morgan Australian & Asia-Pacific Consumer Confidence Data Tables

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 September 26 - October 2, 2016

  • Same-sex marriage plebiscite stuck in political cul-de-sac after failed meeting

  • NSW Premier Mike Baird visits flood-affected Forbes, warns of more rain

  • Rivers are already starting to rise as South Australia braces for more wild weather

  • Trump vows to hit Clinton harder in next US presidential debate

  • Disastrous floods, wind and power outage in South Australia

  • MH17 shot down by Russian-made missile from rebel area

  • Lights back on in Adelaide, but SA bracing for more storms

  • Football fever as AFL and NRL finals on this week-end

  • Farewell to 'Tangles': Larrikin sportsman Max Walker dies

  • Government backs down over backpacker tax