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ANZ-Roy Morgan Australian Consumer Confidence Rating increases strongly in the New Year; up 5.5pts to 122.0

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,065 face-to-face interviews conducted Australia-wide with men and women aged 14 and over the weekend January 6/7, 2018.
ANZ-Roy Morgan Australian Consumer Confidence starts 2018 on a bright note with the headline index climbing 4.7% from mid-December to 122, the highest since November 2013. All the sub components showed significant increases.

  • Consumers remained optimistic about financial conditions, which rose to the highest since early 2017. Both current and future financial conditions registered gains, rising 5.8% and 4.2% from last reported respectively.

  • Economic prospects were also perceived to be much better. Current economic conditions rose 5.2% from last reported to 113.7, the highest since September 2013, while future economic conditions increased by 4.2% to 115.2.

  • Sentiment around the ‘time to buy a household item’ offset the 1.2% fall in December to increase by 4.4%. Inflation expectations remained stable at 4.5% in four week moving average terms despite higher petrol prices.
ANZ’s Head of Australian Economics, David Plank, commented:
“ANZ-Roy Morgan Australian Consumer Confidence starts the year on a high as the festive mood carries on to 2018. Continued strength in the labour market, and a strong performance in the Ashes series likely helped sustain the cheer among consumers. 

"It needs to be acknowledged that consumer confidence usually rises in the first reading for January. Still, the increase this year is stronger than the 3.6% average lift in confidence for the past nine ‘annual turns’, indicating that the gain in confidence is more than just seasonal. Confidence has been trending higher since the low for 2017 in late August.

"It is encouraging that consumers seemed willing to overlook their high debt burden, moderating house price gains and the impact of higher petrol prices. We think the continued strong growth in employment is the key driver. We’ll find out in February (with the next wages data) whether a pick-up in wage growth has also contributed to the gain in sentiment.”

Michele Levine, Chief Executive Officer, Roy Morgan, says:

“ANZ-Roy Morgan weekly Consumer Confidence has jumped to 122.0 – up 5.5pts since mid-December and at its highest for over four years since November 16/17, 2013 (122.9). The jump is in line with normal trends which show Consumer Confidence consistently increases in January as Australians enjoy their summer holidays however ‘unfortunately’ for the Turnbull Government Consumer Confidence tends to drift lower as more Australians return to work in the coming weeks.

“Consumer Confidence jumped across all five sub-indices this week and most notably now 35% (up 4ppts) of Australians say they are ‘better off’ financially than this time last year – the highest result for this indicator since September 2016 compared to only 22% (down 2ppts) saying they are ‘worse off’ financially while 38% (up 3ppts) now expect ‘good times’ for the Australian economy over the next 12 months and only 25% (down 2ppts) of Australians expect ‘bad times’.”

ANZ-Roy Morgan Australian Consumer Confidence Rating - January 9, 2018 - 122.0
ANZ-Roy Morgan Australian Consumer Confidence Rating - January 9, 2018

ANZ-Roy Morgan Australian Consumer Confidence Rating - January 9, 2018 - 122.0

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 weeks that were December 18, 2017 - January 8, 2018

  • Boxing Day shoppers queue from before dawn only to find no sales

  • Walkers stumble on crocodile 'sitting quietly' in Melbourne

  • $900m rare earths mine in Central Australia approved despite radioactive risk

  • New technology could stop young Australians drinking to cope with anxiety, researchers say

  • Drug overdose backpackers to be hit with big hospital bills

  • Trailblazing Australian medicinal cannabis firm welcomes export opportunities

  • Australia's first electric plane takes to the skies

  • North Korea the greatest threat to Japan since WWII, Abe says

  • Adani's $1b loan bid likely to fail before Palaszczuk intervention

  • Experts clash on whether Aussie dollar is on track to crash or surge

  • Sydneysiders told to 'check on elderly neighbours' amid 45C heatwave

  • Trump lawyers try to stop controversial book's release after political firestorm

  • Search vessel moving into position to resume hunt for missing MH370

  • Britain 'looking to join TPP deal after Brexit'

  • Seaplane at bottom of Hawkesbury River to be recovered

  • Low wages, high debts and housing bubble threaten the Australian economy in 2018

  • Modern homes trapping heat 'like a plastic bag'

  • Roofs ripped off as storm tears through the NSW north coast

  • Family of missing Grampians bushwalker use social media to retrace steps

  • Police admit Melbourne has African gang problem amid political stoush

  • Nine people rushed to hospital after suspected overdose in Perth

  • Inmate stabbed to death at Melbourne's Port Phillip Prison

  • Man charged after third sexual assault incident at Falls Festival Marion Bay

  • African gang crime 'out of control' in Melbourne: Greg Hunt

  • Tributes paid to British family who died in Sydney seaplane crash

  • 'This takes the cake': Police 'flabbergasted' at P-plater caught 100kph over speed limit

  • Second sexual assault at Falls Festival reported to police

  • Six people killed after seaplane crashes into Hawkesbury River

  • Keating-era Cabinet documents reveal concerns over an elected Australian president

  • New Year's Eve fireworks spectacular wows Sydney crowds

  • Mass graves discovered in Syria

  • Woman assaulted in Falls Festival mosh pit, police say

  • Australian Navy ship seizes drugs worth $415 million in Middle East

  • Private plane blown off runway and into building near Malta airport

  • Turnbull slapped with $250 fine for not wearing life jacket

  • Counter-terrorism crackdown at airports could threaten regional flights

  • Flinders Street attack victim Antonios Crocari, 83, dies in hospital

  • 41 killed in bomb attacks on news agency in Kabul

  • Trumped-up markets and economies finish 2017 on a high

  • Federer credits change in mindset for 2017 comeback

  • 74yo charged over bullet death threat sent to Barnaby Joyce

  • Before we colonise Mars, let's look to our problems on Earth

  • Alabama certifies Doug Jones as Senate race winner

  • Accused Flinders Street driver could have psychiatric illness, court hears

  • Kim Jong-un's rocket men singled out for US sanctions

  • Apple sued after admitting it slows down ageing iPhones

  • Sydney grandmother duped in online romance scam escapes death penalty

  • Home and Away actress fighting for life after triple-fatal Boxing Day crash

  • ADF spends over $10 billion on US arms in four years

  • Three dead in fiery crash on NSW highway