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ANZ-Roy Morgan Consumer Confidence up 1.6pts to 111.9
March 09 2021
- Finding No.
Consumer Confidence Press Release
This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,488 online and telephone interviews conducted Australia-wide with men and women aged 14 and over the weekend March 6/7, 2021.
ANZ-Roy Morgan Consumer Confidence increased by 1.6pts to 111.9 on March 6/7, 2021. Consumer Confidence is now above the 2021 weekly average of 110.4 and is now a significant 11.5pts higher than the same week a year ago, March 7/8, 2020 (100.4).
This week’s increase in Consumer Confidence has been driven by increasing confidence about the performance of the Australian economy over the next year and next five years.
Current financial conditions
- Now 26% (down 1ppt) of Australians say their families are ‘better off’ financially than this time last year and 27% (down 2ppts), say their families are ‘worse off’ financially.
Future financial conditions
Current economic conditions
- An increasing proportion of Australians, 22% (up 4 ppts), expect ‘good times’ for the Australian economy over the next 12 months while 16% (down 1ppt), expect ‘bad times’.
Future economic conditions
In the longer term, over a quarter of Australians, 26% (up 2ppts), are expecting ‘good times’ for the economy over the next five years compared to 13% (unchanged) expecting ‘bad times’.
Time to buy a major household item
An increasing plurality of Australians, 41% (down 1ppt), say now is a ‘good time to buy’ major household items, while 25% (unchanged), say now is a ‘bad time to buy’.
ANZ Head of Australian Economics, David Plank, commented:
"The ANZ Roy-Morgan Consumer Confidence index rose 1.5% along with generous gains in four out of five of the sub-indices. The rise likely reflects the strong gains registered by ANZ Job Ads and the GDP numbers released last week. Job Ads grew 13.4% y/y in February and Australia saw two consecutive quarters of economic growth of more than 3% for the first time in history. The long weekend of Victoria may also have contributed, as confidence rose 2.1% in the state."
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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