Back To Listing
ANZ-Roy Morgan Australian Consumer Confidence falls further - down 0.6pts to 115.2
July 12 2016
- Finding No.
Consumer Confidence Press Release
This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 950 face-to-face interviews conducted Australia-wide with men and women aged 14 and over last weekend July 9/10, 2016.
ANZ-Roy Morgan Australian Consumer Confidence declined for the third week in a row, down 0.5% to 115.2 this week. Uncertainty related to the election result and lingering concerns over the global outlook likely remain key factors behind the recent decline. Last week’s downgrade from Standard & Poor’s to the outlook for Australia’s credit rating – from stable to negative – could also have weighed on sentiment.
ANZ Head of Australian Economics Felicity Emmett commented:
- The decline in confidence was driven by a more pessimistic economic outlook. Households’ views of the 12 month economic outlook dipped 4.1%, while views towards the economic outlook in the next 5 years declined 2.7%.
- In contrast, consumers’ views of their current finances edged 0.3% higher, while views towards future finances increased a sharp 4.3%, largely reversing the fall over the previous week.
- Consumers’ views towards whether ‘now is a good time to buy a major household item’ fell 1.3%.
“The fall in ANZ-Roy Morgan Australian Consumer Confidence of close to 3% over the past three weeks partly reverses the lift seen through May and early June, back when confidence reached a 2½ year high. Confidence has been buffeted by uncertainty surrounding the domestic political outlook, as well as concerns over global growth. The downgrade of Australia’s credit rating outlook by S&P is also likely to have weighed on consumer sentiment.
"Household sentiment remains well above its long-term average, although how sustainable this is remains to be seen. That said, the fact that a hung parliament looks to have been narrowly avoided is encouraging. More important, though, will be the performance of the labour market. In this regard, we keenly await Thursday’s employment numbers.”
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 July 4-10, 2016
Australians will not pay more to see the doctor: Turnbull
Turnbull claims election victory
Shorten's leadership to be reaffirmed by party
Nick Xenophon ready for talks on hung parliament
Australia is starting the week without a winner after Saturday's federal election delivered no result.
'I think he should quit': Turnbull not up to the job, says Shorten
PM takes responsibility for campaign as Labor claims he's plotting a fresh election
Reserve Bank leaves interest rates on hold
Turnbull takes 'full responsibility' for Coalition campaign performance
Liberals to retain Melbourne seat of Dunkley
Katter confirms support for Turnbull Government