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ANZ-Roy Morgan Australian Consumer Confidence spikes to 118.8 - highest in 2 1/2 years

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,003 face-to-face interviews conducted Australia-wide with men and women aged 14 and over last weekend June 18/19, 2016.
ANZ-Roy Morgan Australian Consumer Confidence rose 2.1% this week to 118.8 and it now stands at the highest level since November 2013. Good news released last week about the Australian labour market and the business sector is likely to have lifted sentiment.

  • The increase in confidence was broad based, with consumers’ views about their finances leading the gains. The indicator on ‘finances compared to a year ago’ bounced 3.1% last week and ‘finances in the next 12 months’ was up 1.1%.

  • Consumers are also more optimistic about the economic outlook. Views towards ‘economic conditions in the next 12 months’ increased 2%, while views towards ‘the economy in the next 5 years’ also rose strongly, up 2.4%.
ANZ Head of Australian Economics Felicity Emmett commented:

“ANZ-Roy Morgan Australian Consumer Confidence has picked up notably over the past few weeks, with the 4-week average now standing at a 2½-year high. Household confidence has likely been supported by a combination of positive factors: the RBA’s rate cut last month, robust economic growth, ongoing strength in the housing market and an improving labour market.

"The strength in the labour market in particular is likely to have been a key factor in the improvement in consumer confidence over recent months. And, as we’ve highlighted previously, it’s likely to continue to be a key driver of confidence.

"Over the next few weeks, confidence has a few hurdles to overcome. This week’s Brexit vote, with its ability to drive volatility on financial markets, has the potential to impact domestic confidence, while closer to home the federal election campaign could affect confidence as we draw nearer to polling date on 2 July, although to date there are few signs that the long campaign has weighed on sentiment.”

ANZ-Roy Morgan Australian Consumer Confidence - June 21, 2016 - 118.8

ANZ-Roy Morgan Australian Consumer Confidence - June 21, 2016 - 118.8

ANZ-Roy Morgan Australian Consumer Confidence Rating - June 21, 2016 - 118.8

Click here to view the PDF of the latest 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.

The week that was June 13-19, 2016

  • Turnbull orders Libs to preference Labor ahead of Greens

  • ALP vows to increase hospital funding by $2 billion more than Coalition

  • 'Every element' of Medicare will stay in Government hands: Turnbull

  • Government promises $49.2 million lifeline for Arrium

  • No plans to change penalty rates': Malcolm Turnbull

  • CFA boss Lucinda Nolan tenders her resignation

  • Turnbull regrets hosting homophobic Islamic cleric at Kirribilli dinner

  • Turnbull orders urgent visa review of anti-gay Islamic cleric

  • The PM makes a reef pledge while Labor ups the ante on the NBN

  • 50,000 more mining jobs set for the axe as boom ends

  • Turnbull's $1b plan to protect Great Barrier Reef