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Consumer Confidence up 1.3pts to 120.1 as Australia heads into the Christmas retailing season and RBA meets for final time in 2013

This weekly Roy Morgan Consumer Confidence Rating is based on 1,012 face-to-face interviews conducted Australia-wide with men and women aged 14 and over last weekend November 30/ December 1, 2013.

The weekly Roy Morgan Consumer Confidence Rating rose to 120.1 (up 1.3pts in a week since November 23/24, 2013). The rise in confidence was driven mainly by respondents saying now is a ‘good time to buy’ major household items and having more confidence about their own personal financial situations.

An increasing majority of Australians (55%, up 4%) say now is a ‘good time to buy’ major household items while 17% (up 2%) of Australians say now is a ‘bad time to buy’.

Australians are also more confident about their personal finances over the next twelve months with 40% (up 1%) of Australians expecting to be ‘better off’ financially this time next year compared to 11% (down 2%) that expect their family to be ‘worse off’ financially.

In addition, compared to this time last year now 32% (up 1%) of Australians say they are ‘better off’ financially and 23% (down 2%) say they are ‘worse off’ financially.

Now 35% (up 1%) of Australians expect ‘good times’ for the Australian economy over the next twelve months and 26% (unchanged) expect ‘bad times’.

However, now 36% (down 2%) of Australians expect ‘good times’ for the Australian economy over the next five years compared to 20% (unchanged) that expect ‘bad times’.

Gary Morgan says:

“Consumer Confidence has risen to 120.1 (up 1.3pts) just three weeks before Christmas with 55% (up 4%) of Australians saying now is a ‘good time to buy’ major household items. The rise in Consumer Confidence comes as the Australian Dollar fell to a three-month low below 91US cents. The falling Australian Dollar will put upward pressure on the prices of imported goods, though likely not impact heavily on the stock already available for the Christmas retailing season.

“In addition the Roy Morgan November employment statistics – released yesterday – show 2.4 million Australians (19.3% of the workforce) are either unemployed or under-employed – a truly huge number. Clearly, this large section of Australian society requires comprehensive industrial relations reforms which will allow employers to undertake more hiring in 2014.

“However, to really provide an immediate boost to the Australian economy in the lead-up to Christmas, the RBA must cut Australia’s interest rates today by 0.5% in its final meeting for 2013 which takes place today. Australia’s interest rates, at 2.5%, are amongst the highest in the developed world, and a reduction would provide the economy with a welcome boost heading into 2014.”

This weekly Roy Morgan Consumer Confidence Rating is based on 1,012 face-to-face interviews conducted Australia-wide with men and women aged 14 and over last weekend November 30/ December 1, 2013.


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Roy Morgan Consumer Confidence - December 3, 2013


Latest Roy Morgan Consumer Confidence Data Tables

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.

You can also view our monitor of Monthly Unemployment Figures in Australia.

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. The following table 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. The figures are approximate and for general guidance only, and assume a simple random sample. Allowance for design effects (such as stratification and weighting) should be made as appropriate.

Sample Size % Estimate
40%-60% 25% or 75% 10% or 90% 5% or 95%
1,000 ±3.2 ±2.7 ±1.9 ±1.4
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