Data collected last weekend (Saturday and Sunday), based on 1,085 face-to-face interviews.
ANZ-Roy Morgan Consumer Confidence increased 0.9% to 113.5 in the week ending August 24 to be a touch above long-run average levels. Confidence continues to recover from its recent setback (which likely reflected ‘sticker shock’ from the unexpected rise in the unemployment rate), supported by solid fundamentals such as low interest rates and rising house prices.
Importantly, the improvement was driven almost entirely by an 11.1% rise in household perceptions about their ‘financial situation compared to a year ago’, the subindex most closely correlated with consumer demand. This is now above average levels (since 2001) and is an encouraging sign for consumer spending in coming months.
ANZ Chief Economist Warren Hogan commented:
“Signs that ANZ-Roy Morgan Consumer Confidence is bouncing back, combined with strengthening business surveys, gives us more confidence that the non-mining recovery remains on track. We expect consumer spending to remain moderate in 2014 before improving in 2015.”
Click to view the PDF of the ANZ-Roy Morgan Consumer Confidence Weekly Pulse.
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.