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ANZ-Roy Morgan Australian Consumer Confidence Rating up 0.7% to 115.8

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,090 face-to-face interviews conducted Australia-wide with men and women aged 14 and over the weekend December 2/3, 2017.
ANZ-Roy Morgan Australian Consumer Confidence bounced 0.7% to 115.8 this week, partially reversing the 1.2% fall in the previous week. The improvement was broad based, with four out of five sub-indices posting gains.

  • Households are more optimistic about current and future economic conditions, with the sub-indices up 1.7% and 0.5% respectively. In four week moving average terms, views towards current economic conditions are at their highest point since late 2013.

  • Encouragingly, the ‘current financial conditions’ sub-index ended its four week fall, rising 1.7% last week. Views towards future financial conditions continue to improve, rising 0.5% last week following a 1.6% rise previously.

  • Sentiment around the ‘time to buy a household item’ was a drag on the headline number, falling 0.7% and entirely reversing the prior week’s 0.5% rise.

ANZ’s Head of Australian Economics, David Plank, commented:

“Consumers remain quite upbeat, with a small but broad based improvement in confidence last week. A terrific comeback by Australia to win the first test of the Ashes certainly didn’t hurt the mood.

"While the recent pickup in headline confidence is encouraging, the ‘time to buy a household item’ subindex has slipped back under its long term average – not a good sign for the Christmas season sales. This is not surprising given the number of headwinds consumers face; among other things, higher electricity costs and rising petrol prices.

"It’s interesting to see inflation expectations stable at 4.5%, up from 4.2% in June, though this likely reflects the rise in petrol prices (up 14.1% since July) rather than broad based inflationary pressures.

"The deluge of data this week, including the Q3 GDP release, may set the tone for confidence in the near term.”

ANZ-Roy Morgan Australian Consumer Confidence Rating - December 5, 2017 - 115.8

ANZ-Roy Morgan Australian Consumer Confidence Rating - December 5, 2017 - 115.8

ANZ-Roy Morgan Australian Consumer Confidence Rating - December 5, 2017 - 115.8

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 November 27 - December 3, 2017

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  • North Korea says new missile can hit all of US

  • Susie O'Neill accuses Don Burke of 'crude and belittling' remarks

  • Terror accused 'planned New Year's Eve massacre in Federation Square'

  • Palaszczuk to win Queensland election with Labor confident of majority