Data collected last weekend (Saturday and Sunday), based on 913 face-to-face interviews. Not seasonally adjusted.
ANZ-Roy Morgan Consumer Confidence fell for the third consecutive week, declining 0.7% last week (ending March) to 109.6. Confidence has fallen around 5% over the past three weeks and is below its long-run average, sitting around levels seen 18 months ago. Most subindices fell or were unchanged last week except for ‘financial situation compared to a year ago’ which rose very modestly.
The decline in ANZ-Roy Morgan Consumer Confidence over the past three weeks coincides with announcements by Toyota and this week by Qantas. The weekly ANZ-Roy Morgan Consumer Confidence survey will provide the earliest indication as to the extent this recent drop in confidence will be sustained or reversed in coming weeks, with important flow-on implications for consumer spending. The beginnings of a recovery in job advertising in recent months suggest a moderately stronger labour market will likely see confidence recover in coming months.
At this stage, the lift in ANZ-Roy Morgan Consumer Confidence for much of the past 18 months suggests consumer spending will still improve this year. ANZ forecasts household consumption to increase by 2.4% this year, strengthening to growth of around 3.2% in 2015.
Click to view the PDF of the ANZ-Roy Morgan Consumer Confidence Weekly Pulse.
Latest ANZ-Roy Morgan Consumer Confidence Releases
Latest ANZ-Roy Morgan Australian & Asia-Pacific 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 Australian Unemployment & Under-employment Estimates.