Data collected last weekend (Saturday and Sunday), based on 1,002 face-to-face interviews.
ANZ-Roy Morgan Consumer Confidence rose 1.2% to 114.3 in the week ending November 23, partially reversing a 1.6% fall the previous week. Looking through the weekly volatility, confidence is gently drifting higher.
The improvement last week was driven by expectations of household finances over the next year (+3.4%) and economic conditions over the next five years (+3.7%).
Perceptions of household finances compared to a year ago, the sub-index most correlated with household spending, has been broadly steady in recent weeks and continues to point to a modest pick-up in household spending (see Figure 4).
ANZ Chief Economist Warren Hogan commented:
“Job vacancies data last week showed labour demand in the non-mining sector continues to gradually improve, particularly in labour-intensive industries such as construction, health and retail. Alongside low interest rates and rising house prices, this should support consumer confidence and retail spending as we head into the Christmas season.”
Click to view the PDF of the ANZ-Roy Morgan Weekly Consumer Confidence Release.
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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.