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ANZ-Roy Morgan Consumer Confidence up slightly to 112.7
May 04 2021
- Finding No.
Consumer Confidence Press Release
This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,493 online and telephone interviews conducted Australia-wide with men and women aged 14 and over the weekend May 1/2, 2021.
ANZ-Roy Morgan Consumer Confidence was up 0.3pts to 112.7 this week. Consumer Confidence remains above the 2021 weekly average of 111.1 and is a huge 23.2pts higher than the same week a year ago, May 2/3, 2020 (89.5).
The small increase this week was driven by improvements to how people perceive their personal financial situation compared to a year ago and an expected improvement over the year ahead.
Current financial conditions
- Now 30% (up 2ppts) of Australians say their families are ‘better off’ financially than this time last year and 25% (down 1ppt), say their families are ‘worse off’ financially.
Future financial conditions
Current economic conditions
- Just over one-in-five Australians, 21% (unchanged), expect ‘good times’ for the Australian economy over the next 12 months while only 14% (down 1ppt), expect ‘bad times’ (the lowest figure for this indicator for over a decade since October 2010).
Future economic conditions
In the longer term, a fifth of Australians, 20% (down 1ppt), are expecting ‘good times’ for the economy over the next five years compared to only 13% (up 1ppt) expecting ‘bad times’.
Time to buy a major household item
- An unchanged plurality of Australians, 44%, say now is a ‘good time to buy’ major household items while 23% (also unchanged) say now is a ‘bad time to buy’.
ANZ Head of Australian Economics, David Plank, commented:
"Confidence rose by 0.3% across Australia over the past week, with a gain of 1.3% in Perth. The magnitude of the Perth gain is much smaller than the one following Perth’s lockdown at the end of January – possibly because another few cases of infection and the bad news out of India have the city and country somewhat on edge. There was some strength in ‘current financial conditions’, which rose by 2.2%. This gain could be a result of the announcements made about the Budget such as additional funding for childcare. Overall confidence is just above the long-run average."
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)
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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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