This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,016 face-to-face interviews conducted Australia-wide with men and women aged 14 and over last weekend September 24/25, 2016.
ANZ-Roy Morgan Australian Consumer Confidence bounced back this week, rising a solid 4.4% to 120.6 and more than offsetting the previous week’s decline.
ANZ Senior Economist Jo Masters commented:
- The improvement in confidence was broadly based. Consumers’ views towards their current finances jumped 5.4%, while views towards future finances rose a solid 4.0%. Encouragingly, the indicator on current finances is at a post-GFC high.
- Households’ views of the economic outlook were also more upbeat. Views of the 12-month economic outlook rose a sharp 6.0%, while views of the 5-year economic outlook improved by 3.6%.
- Household views on whether ‘now is a good time to buy a household item’ bounced a sharp 3.8%.
- The inflation expectations series – as introduced in our Australian Insight What’s driving the decline in ANZ-Roy Morgan consumer inflation expectations? – rose 0.1 ppts to 4.0% in September.
“ANZ-Roy Morgan Australian Consumer Confidence continued its volatile pattern, bouncing 4.4% last week and more than reversing the previous week’s 2.2% decline. Stepping back from the volatility, confidence has been trending higher since early 2016 and is now well above its long run average.
"There was little economic news or developments to drive the bounce in confidence. Concerns around financial market volatility likely waned as equity markets rallied off their recent lows. More broadly, domestic factors remain positive, notably the strong GDP reading, high auction clearance rates and ongoing improvement in labour market conditions.
"Overall, Australian households remain upbeat about their personal finances and more optimistic about the economy, especially in the near term.”
Click here to view the PDF of the latest ANZ-Roy Morgan Weekly Consumer Confidence Release.
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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 September 19-25, 2016
A bomb that tore through an upscale New York neighbourhood, injuring 29 people, was an act of terror, the state governor says
New York Times endorses Clinton for president
ABS points finger at IBM over #CensusFail
Liberal Party's Tony Nutt furiously denounces Labor's election campaign on Medicare privatisation
Australia to permanently set annual refugee intake at almost 19,000
Veteran Victorian Labor Senator Stephen Conroy’s resignation shock
WA Premier Colin Barnett survives as spill motion defeated
Port of Melbourne lease sold to consortium for $9.7b
Australian jets involved in botched air strike on Syrian army