Data collected last weekend (Saturday and Sunday), based on 944 face-to-face interviews. Not seasonally adjusted.
ANZ-Roy Morgan Consumer Confidence was little changed last week (ending 30 March), falling 0.2% to 114.3. While consumer confidence has been steady over the past three weeks, prior strength means that it is around 4% higher than five weeks ago and only a touch below levels seen in mid February when a number of job loss announcements from the manufacturing and aviation industries were reported.
The sub-indices were mixed last week, with perceptions of ‘economic conditions over the next five years’ falling modestly, while ‘financial situation compared to a year ago’ rose relatively sharply. This latter sub-index, which is most correlated with consumer spending, has retraced almost all of the sharp fall in early March to return to historically high levels. This suggests that the underlying fundamentals for consumer spending remain somewhat more favourable.
While ANZ-Roy Morgan Consumer Confidence is around 7% off its most recent peak, the lift in ANZ-Roy Morgan Consumer Confidence over much of the past 18 months and the fact that confidence remains above its long-run average suggests consumer spending will still improve this year. ANZ forecasts household consumption to increase by 3.0% this year, strengthening to growth of around 3.2% in 2015.
Click here to view the PDF of the ANZ-Roy Morgan Consumer Confidence Weekly Pulse.
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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.