Data collected last weekend (Saturday and Sunday), based on 1,006 face-to-face interviews.
ANZ-Roy Morgan Consumer Confidence rose 3.0% to 116.1 in the week ending 20 April. Consumer Confidence has been a touch softer over the past two months, likely in part due to job loss announcements from some high-profile companies, but has now returned to levels seen in early February before those announcements, suggesting no long-lasting impact on spending. Confidence is now back above its long-run average but remains some 6% below its most recent temporary peak in November last year following the change of Federal Government.
The improvement in the week was driven by strength in consumers’ perceptions of ‘economic conditions next year’ and ‘financial situation compared to a year ago‘; the latter sub-index is most correlated with household consumption growth and has returned to a healthy level. Moves across all other sub-indices were small.
The improvement in ANZ-Roy Morgan Consumer Confidence for much of the past 18 months is consistent with ANZ’s view that consumer spending will improve this year. ANZ forecasts household consumption to increase by 3.0% in real terms this year and next.
Click to the 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.