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ANZ-Roy Morgan Consumer Confidence: Bumpy Ride for Confidence

Data collected last weekend (Saturday and Sunday), based on 1,020 face-to-face interviews.
ANZ-Roy Morgan Consumer Confidence fell 2.3% last week to 109.7 the lowest level in almost eight months. Consumer Confidence has been slowly trending lower since late last year.

  • The weakness last week was broadly based with four out of the five sub-indices declining. The largest fall was in ‘time to buy a major household item’ which dropped 4.6% to the lowest level since June 2014, around the time of the Commonwealth Budget.

  • There was also weakness across the forward looking sub-indices. Confidence in household finances next year (-2.8%), the economic outlook over the next year (-2.9%) and five years (-1.3%) were all down. In particular, confidence in the economic outlook remains at subdued levels.
ANZ Chief Economist Warren Hogan commented:

“The strength in retail sales over January-February is surprising in light of continuing lacklustre ANZ-Roy Morgan Consumer Confidence. One key driver of the softness in consumer confidence has been weak job security. On this note, the March ANZ job ads report points to more of the same with the first monthly fall in job ads in ten months. A key question for the outlook therefore is the extent to which a soft labour market will offset the ‘feel good’ factor from higher asset prices. In our view, these conflicting forces suggest the road for confidence and retail over the next year may be bumpy.”

ANZ-Roy Morgan Consumer Confidence Rating - April 8, 2015 - 109.7

ANZ-Roy Morgan Consumer Confidence Rating - April 8, 2015 - 109.7

ANZ-Roy Morgan Consumer Confidence Rating - April 8, 2015 - 109.7

Click to view the PDF of the ANZ-Roy Morgan Weekly Consumer Confidence Release.

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.