ANZ-Roy Morgan Consumer Confidence increases for third straight week, up 6pts to 84.2

Current financial conditions

• Now 20% (down 1ppt) of Australians say their families are ‘better off’ financially than this time last year and 41% (up 1ppt) say their families are ‘worse off’ financially.

Future financial conditions

• In good news more Australians, now 36% (up 4ppts), expect their family to be ‘better off’ financially this time next year compared to 24% (down 3ppts) that expect to be ‘worse off’ financially.

Current economic conditions

• However just 5% (unchanged) expect ‘good times’ for the Australian economy over the next 12 months while 54% (down 4ppts) expect ‘bad times’.

Future financial conditions

• And in the longer term, 16% (up 4ppts) of Australians are expecting ‘good times’ for the Australian economy over the next five years compared to 18% (down 2ppts) expecting ‘bad times’.

Time to buy a major household item

• In addition now 28% (up 8ppts) of Australians say now is a ‘good time to buy’ major household items, while 47% (down 7ppts) of Australians say now is a ‘bad time to buy’.

The four-week moving average for ‘inflation expectations’ fell 0.2ppt to 3.8%. The weekly reading dipped to 3.1% from 3.8%.