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ANZ-Roy Morgan Consumer Confidence: Because I'm (Not) Happy

Data collected last weekend (Saturday and Sunday), based on 1,016 face-to-face interviews.

ANZ-Roy Morgan Consumer Confidence fell 2.8% to 108.7 last week, fully reversing the bounce in the previous week. Looking through the weekly volatility, confidence has been trending lower since late last year and remains below long-run average levels.

The deterioration last week was fairly broad-based, with particular weakness in confidence in current conditions. Views on both household finances compared to a year ago (-4.1%) and time to buy a major household item (-4.6%) declined.

The only sub-index to improve was expectations of the economic outlook in five years (+0.7%). However, levels of this sub-index remain subdued (Figure 3).

ANZ Chief Economist Warren Hogan commented:

“Compared to last year, confidence is behaving differently prior to the release of the Commonwealth Budget. While confidence fell sharply in the weeks ahead of last year’s Budget, this year we are seeing a more modest decline. This may reflect that, while negative news around a likely deterioration in the fiscal trajectory is hurting confidence, the impact is reduced when it is not reinforced by tightening measures aimed at the household sector. While we could see further weakness in sentiment in coming weeks, the government’s intention to make this a ‘dull’ budget suggests any fall in confidence is unlikely to be as severe as in 2014.”

ANZ-Roy Morgan Consumer Confidence Rating - May 5, 2015 - 108.7

ANZ-Roy Morgan Consumer Confidence Rating - May 5, 2015 - 108.7

ANZ-Roy Morgan Consumer Confidence Rating - May 5, 2015 - 108.7

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.