ANZ-Roy Morgan Consumer Confidence increases for seventh straight week, up 0.4pts to 98.1 – up in Brisbane & Sydney, down in Melbourne

ANZ-Roy Morgan Consumer Confidence increased 0.4pts to 98.1 on October 17/18, 2020 and is now 13.5pts lower than a year ago on the comparable weekend of October 19/20, 2019 (111.6) and is now 4.1pts above the 2020 weekly average of 94. Consumer Confidence is now at its highest for over four months since May 30/31, 2020 (98.3).

Consumer Confidence has now increased for seventh straight weeks and is up 7.9pts since ending August at 90.2. Driving this week’s increase was more confidence that now is a good time to buy major household items.

Current financial conditions

• Now 24% (unchanged) of Australians say their families are ‘better off’ financially than this time last year and 33% (unchanged) say their families are ‘worse off’ financially.

Future financial conditions

• In addition, 35% (down 1ppt) of Australians expect their family to be ‘better off’ financially this time next year compared to 18% (up 2ppts) that expect to be ‘worse off’ financially.

Current economic conditions

• Now fewer than one-in ten Australians, 9% (down 1ppt), expect ‘good times’ for the Australian economy over the next 12 months while 36% (down 1ppt), expect ‘bad times’.

Future economic conditions

• In the longer term, a fifth, 20% (down 1ppt) of Australians are expecting ‘good times’ for the Australian economy over the next five years compared to 15% (unchanged) expecting ‘bad times’.

Time to buy a major household item

• An increasing plurality of Australians, 38% (up 4ppts), say now is a ‘good time to buy’ major household items, while 33% (down 2ppts), say now is a ‘bad time to buy’.

ANZ Head of Australian Economics, David Plank, commented:

“Building on the momentum from the Budget, confidence gained for the seventh week in a row. Barring Tasmania, New South Wales and Victoria all the states are above the neutral level of 100. Among the major cities, Melbourne weakened while confidence in Brisbane and Sydney surged. Further easing of COVID-19 induced restrictions should support the index over this week as it seeks to move back to its pre-pandemic level.”

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 (1973-2020)
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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