Back To Listing
ANZ-Roy Morgan Consumer Confidence pulls back after three consecutive increases
January 23 2018
- Finding No.
Consumer Confidence Press Release
This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,021 face-to-face interviews conducted Australia-wide with men and women aged 14 and over the weekend January 20/21, 2018.
ANZ-Roy Morgan Australian Consumer Confidence fell 3.3% to 119.4 this week following three consecutive strong reports. The fall was broad based, with views towards current finances leading the pullback.
ANZ’s Head of Australian Economics, David Plank, commented:
- The current finances sub-index fell a sharp 9.1% to 104.7, partially unwinding gains over the previous three weeks. In comparison, views towards future finances fell a more modest 2.2%, following a 0.2% decline in the week prior. Despite the weekly falls, both sub-indices sit above their long term average.
- Households’ pessimism also extended towards the economic outlook. Views around current and future economic conditions dipped 3.6% and 1.3% respectively, though both subindices remain elevated compared to recent lows.
- Sentiment around the ‘time to buy a household item’ slipped 1% last week following a 7.9% rise over the preceding two weeks. Four week moving average inflation expectations edged up by 0.1% to 4.6%.
“Consumer Confidence pulled back this week after a series of strong reports. Talk of electricity blackouts and a proposed rail strike in Sydney may have weighed on overall sentiment. It is also possible that the New Year return to work was a factor for some.
"The sharp fall in sentiment around households’ current finances may reflect a jump in petrol prices across Melbourne and Brisbane amidst an environment of low wage growth. Despite the weekly fall, this sub-index sits well above its long term average, as does the headline index.
"Looking past the weekly volatility, we expect sentiment to remain supported by a strong labour market and a solid outlook for economic activity in 2018.”
Click here to view 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 15-21, 2018
Syrian refugee carves out dream job in Sydney
The fight to preserve nearly 200yo Van Diemen's Land legislation
World Cup the driving force for Aussies in ODI: Marsh
Rising sea levels could shrink Australia and spark a coastal exodus
William Hill might leave Australia over tighter gambling regulations
Allianz, Suncorp to repay more than $60m over unnecessary car insurance
Man charged with sexual assault after Gold Coast joggers allegedly groped
Turnbull says Koreas may be friendly for now, but warns 'history teaches a bitter lesson'
Household debt 'extremely elevated' and tipped to grow
Victorians conned into paying for fake puppies
The Australian cities where living costs are rising
‘King of Steel' one of three Australians arrested in Serbia over alleged $500m cocaine shipment
Bernardi lashes musicians' criticism of alternative Hottest 100 list
Bitcoin isn't the only bubble — beware of property and shares in 2018
Labor MP still can't find paperwork to prove he renounced British citizenship
Aboriginal MP vows not to back down despite death and gang rape threats
Emergency bushfire warning issued for communities north-west of Melbourne
What emergency services learnt from the Bourke St attack
Wreck hunter confident renewed search for MH370 will deliver answers