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ANZ-Roy Morgan Consumer Confidence continues to ease on weekend of Federal Election

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,093 face-to-face interviews conducted Australia-wide with men and women aged 14 and over last weekend July 2/3, 2016.
ANZ-Roy Morgan Australian Consumer Confidence edged 0.9% to 115.8 this week, following a 1.7% fall the previous week. Uncertainty related to the Federal Election and concerns over the global outlook are likely to have been key factors behind the decline last week. The details of the report were mixed.

  • Consumers’ views of their current finances edged 1.6% lower, whereas views towards future finances dipped 5.1%. Overall, consumers’ views towards their personal finances remain well above their long-run average.

  • Consumers were more optimistic about the economic outlook. After falling sharply last week, households’ view of the 12 month economic outlook bounced 4.7%, while views towards the economic outlook in the next 5 years rose 1.7%. Consumers’ views towards the economic outlook have been on an upward trend since the start of the year, although they remain well below their long-run average.

  • Consumers’ views towards whether ‘now is a good time to buy a major household item’ fell 2.5%.
ANZ Head of Australian Economics Felicity Emmett commented:

“ANZ-Roy Morgan Consumer Confidence has edged lower in the past two weeks after reaching a two-and-a-half year high. While the recent turmoil in financial markets has likely played a part, we believe that a larger contributing factor in this week’s fall is likely to have been uncertainty related to the Federal Election.

"Over the coming weeks, confidence could be affected if the government fails to secure a majority and a minority government proves difficult to form. This uncertainty around the political outlook will likely remain a key influence on household confidence in the near term.”

ANZ-Roy Morgan Australian Consumer Confidence Rating - Tuesday July 5, 2016 - 115.8

ANZ-Roy Morgan Australian Consumer Confidence Rating - July 5, 2016 - 115.8

ANZ-Roy Morgan Australian Consumer Confidence Rating - Tuesday July 5, 2016 - 115.8

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

Latest ANZ-Roy Morgan Consumer Confidence Releases

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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.

The week that was June 27 - July 3, 2016

  • Australians will not pay more to see the doctor: Turnbull

  • Turnbull warns against independents and both leaders shy away from 'what ifs'

  • Labor's 'fraudulent campaign' based on Medicare 'nonsense', Brandis says

  • Banks ready 'contingency plans' amid fears of further Brexit fallout

  • Boris Johnson says Britain will still have free trade deals with EU post Brexit

  • Labor, Coalition Barrier reef promises fall short: environmental groups

  • Global share markets claw back after two sessions of steep losses

  • Lambie, Xenophon, Lazarus, Hanson are threat to stability, PM declares

  • Home prices moderate, but Sydney and Melbourne continue to surge

  • Turnbull's Medicare pledge dominates final campaign day

  • US calls for Australia to increase refugee intake