This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,041 face-to-face interviews conducted Australia-wide with men and women aged 14 and over last weekend January 21/22, 2017.
After a solid start to the New Year, ANZ-Roy Morgan Australian Consumer Confidence slipped 1.9% to 117.0 this week. The fall was broadly based with 4 out of 5 sub-indices posting modest declines. Encouragingly, consumers’ views towards current finances edged up 0.7%.
ANZ Senior Economist Jo Masters commented:
- Households’ views towards their future finances fell 3.0%, reversing previous gains and falling to its lowest value in five weeks. Even so, both indicators of finances remain well above their long run averages.
- Households’ views of economic conditions over the next 12 months declined 2.0% after rising 11.2% over the previous two weeks. Households’ views of economic conditions over the next five years fell 2.4% after a 2.8% rise over the previous two weeks.
- The post-Christmas bounce in household views on whether ‘now is a good time to buy a household item’ has been short-lived, with this sub-index down 2.5% in the week.
- The four week moving average in inflation expectations edged higher for the third consecutive week, up to 4.4% last week from 4.0% in mid-December.
“The new year jump in consumer confidence partly unwound last week, likely reflecting the end of the traditional holiday season and perhaps the fall in domestic stock prices. Recent headlines about Brexit and ongoing uncertainty about the impact of a Trump presidency may also have impacted.
"Even so, the headline index remains quite robust, and encouragingly, households’ views of overall financial conditions remain well above the long term trend, suggesting a positive outlook for consumer spending.
"Heading into the Q4 inflation report this week, inflation expectations have been trending higher. However, this likely reflects an increase in petrol prices rather than a broad-based increase in inflationary pressures”.
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 January 16-22, 2017
The Federal Government will introduce changes to Centrelink's controversial debt recovery program, despite insisting it is working and dismissing calls for its suspension.
Three dead after car hits pedestrians in Melbourne CBD
Donald Trump is sworn in as the 45th President of the United States, in an inauguration day marred by violent protests and low attendance.
Gladys Berejiklian running unopposed to be NSW premier
Vegemite returns to majority Australian ownership under Bega deal with Mondelez
One Nation a 'threat' to major parties at WA poll, Hanson says
The Liberal Party hopes it might eventually entice Mike Baird to federal politics, with the former NSW party president saying the retiring Premier has "extraordinary support" in the state branch.
NSW Premier Mike Baird announced his retirement from politics in a shock resignation
Energy bills may be set to jump, economist warns
Greg Hunt announced as new Health Minister
Ley goes, and Turnbull's reforms pave way for fewer expenses scandals