Roy Morgan Research
April 13, 2021

ANZ-Roy Morgan Consumer Confidence up 6.4pts to 114.1 after Greater Brisbane lockdown ends – highest since September 2019

Topic: Consumer Confidence, Press Release
Finding No: 8670

ANZ-Roy Morgan Consumer Confidence increased 6.4pts to 114.1 a week after the lockdown of Greater Brisbane ended and Australians enjoyed the four-day Easter long weekend. Consumer Confidence is now well above the 2021 weekly average of 110.6 and a huge 35.9pts higher than the same week a year ago, April 11/12, 2020 (78.2).

ANZ-Roy Morgan Consumer Confidence increased 6.4pts to 114.1 a week after the lockdown of Greater Brisbane ended and Australians enjoyed the four-day Easter long weekend. Consumer Confidence is now well above the 2021 weekly average of 110.6 and a huge 35.9pts higher than the same week a year ago, April 11/12, 2020 (78.2).

The increase in Consumer Confidence this week comes on the back of big rebounds in Greater Brisbane and NSW which had been impacted by cases of COVID-19 a week earlier and tighter restrictions including a short lockdown in SE Queensland.

Current financial conditions

  • Now 31% (up 4ppts) of Australians say their families are ‘better off’ financially than this time last year (the highest figure for this indicator for over a year since mid-March 2020) and 25% (down 4ppts), say their families are ‘worse off’ financially (the highest figure for this indicator for over a year since early March 2020).


Future financial conditions

  • In addition, 41% (up 2ppts) of Australians expect their family to be ‘better off’ financially this time next year compared to only 13% (down 4ppts) that expect to be ‘worse off’ financially.


Current economic conditions

  • Just over one-in-five Australians, 22% (up 3ppts), expect ‘good times’ for the Australian economy over the next 12 months while only 16% (down 4ppts), expect ‘bad times’.


Future economic conditions

  • In the longer term, nearly a quarter of Australians, 24% (up 3ppts), are expecting ‘good times’ for the economy over the next five years compared to 12% (down 1ppt) expecting ‘bad times’.


Time to buy a major household item

  • Over two-fifths of Australians, 43% (up 4ppts) say now is a ‘good time to buy’ major household items while 25% (down 3ppts) say now is a ‘bad time to buy’.


ANZ Head of Australian Economics, David Plank, commented:

Block Quote

“The receding of the Brisbane lockdown and announcement of the Trans-Tasman travel bubble has seen confidence jump sharply, to above its long-run average and the highest level since late 2019. The jump has occurred despite the delay in the COVID-19 vaccine rollout. In an article last week we argued that while the direct economic impact of the Trans-Tasman travel bubble might be a small negative, it was likely to be more than offset by the impact on sentiment as the restoration of normality comes at least somewhat closer. These data confirm this expectation.”


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

Margin of Error

The margin of error to be allowed for in any estimate depends mainly on the number of interviews on which it is based. Margin of error gives indications of the likely range within which estimates would be 95% likely to fall, expressed as the number of percentage points above or below the actual estimate. Allowance for design effects (such as stratification and weighting) should be made as appropriate.

Sample Size Percentage Estimate
40% – 60% 25% or 75% 10% or 90% 5% or 95%
1,000 ±3.0 ±2.7 ±1.9 ±1.3
5,000 ±1.4 ±1.2 ±0.8 ±0.6
7,500 ±1.1 ±1.0 ±0.7 ±0.5
10,000 ±1.0 ±0.9 ±0.6 ±0.4
20,000 ±0.7 ±0.6 ±0.4 ±0.3
50,000 ±0.4 ±0.4 ±0.3 ±0.2

Related Findings

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