ANZ-Roy Morgan Consumer Confidence virtually unchanged at 108.4 in the leadup to the Holidays
ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 108.4 on the third weekend of December. Consumer Confidence is in line with the 2021 weekly average of 108.1 and is now 0.6 pts below the same week a year ago, December 19/20, 2020 (109.0).
ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 108.4 on the third weekend of December. Consumer Confidence is in line with the 2021 weekly average of 108.1 and is now 0.6 pts below the same week a year ago, December 19/20, 2020 (109.0).
Consumer Confidence this week was up in New South Wales (+4.8pts) and Victoria but saw modest drops in the smaller states of Queensland, WA, SA & Tasmania. Driving the small increase were positive movements in relation to personal finances and economic conditions going forward.
Current financial conditions
- Now 32% (up 2 ppts) of Australians say their families are ‘better off’ financially than this time last year compared to 27% (down 2ppts), that say their families are ‘worse off’ financially.
Future financial conditions
- 38% of Australians (up 1 ppt) expect their family to be ‘better off’ financially this time next year, compared to 16% (unchanged) that expect to be ‘worse off’ financially.
Current economic conditions
- Now 19% (up 1ppt), of Australians expect ‘good times’ for the Australian economy over the next twelve months compared to 20% (up 2ppts), that expect ‘bad times’.
Future economic conditions
- In the longer term, under a fifth of Australians, 21% (up 3ppts), are expecting ‘good times’ for the economy over the next five years compared to 16% (unchanged) expecting ‘bad times’.
Time to buy a major household item
- Buying intentions slightly increased this week, with 41% (down 2ppts) of Australians, saying now is a ‘good time to buy’ major household items while 30% (up 3ppts) say now is a ‘bad time to buy’.
ANZ Senior Economist, Adelaide Timbrell, commented:
Consumer confidence increased 0.4% last week as sentiment improved sharply in NSW (+4.5%) and Victoria (+1.1%) despite the rising number of Omicron cases in both states.
The much lower hospitalisation rate compared to the Delta wave probably helped. Confidence in Queensland dropped 0.5%,Western Australia saw a drop o 3.7% and confidence in South Australia dropped 3.4%.
Though all these states have stronger confidence than two weeks ago.
The outlook about personal financial conditions improved, mostly due to a sharp increase in ‘finances compared to a year ago’. Household inflation expectations rose to a recent high of 5.0%.
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 |
