ANZ-Roy Morgan Consumer Confidence increases for fourth straight week, up 0.8pts to 85.0

Current financial conditions

• Now 19% (down 1ppt) of Australians say their families are ‘better off’ financially than this time last year and 40% (down 1ppt) say their families are ‘worse off’ financially.

Future financial conditions

• 30% (down 6ppts), expect their family to be ‘better off’ financially this time next year compared to 22% (down 2ppts) that expect to be ‘worse off’ financially.

Current economic conditions

• Just 6% (up 1ppt) expect ‘good times’ for the Australian economy over the next 12 months while 48% (down 6ppts) expect ‘bad times’.

Future financial conditions

• And in the longer term, 15% (down 1ppt) of Australians are expecting ‘good times’ for the Australian economy over the next five years compared to 23% (up 5ppts) expecting ‘bad times’.

Time to buy a major household item

• In addition now 25% (down 3ppts) of Australians say now is a ‘good time to buy’ major household items, while 38% (down 9ppts) of Australians say now is a ‘bad time to buy’.

The four-week moving average for ‘inflation expectations’ fell 0.1ppt to 3.7%. The weekly reading bumped to 3.6% from 3.1%.