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ANZ-Roy Morgan Consumer Confidence increases for sixth straight week, up 0.8pts to 90.3

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,550 telephone and online interviews conducted Australia-wide with men and women aged 14 and over the weekend May 9/10, 2020.
Confidence gained 0.9% to 90.3 last week, its sixth straight weekly gain.

Current financial conditions

  • Now 21% (down 2ppts) of Australians say their families are ‘better off’ financially than this time last year and 40% (up 1ppt) say their families are ‘worse off’ financially.

Future financial conditions

  • 36% (unchanged), expect their family to be ‘better off’ financially this time next year compared to 20% (down 1ppt) that expect to be ‘worse off’ financially.

Current economic conditions

  • Just 6% (down 2ppts) expect ‘good times’ for the Australian economy over the next 12 months while 46% (down 2ppts) expect ‘bad times’.

Future financial conditions

  • And in the longer term, 19% (down 1ppt) of Australians are expecting ‘good times’ for the Australian economy over the next five years compared to 18% (unchanged) expecting ‘bad times’.

Time to buy a major household item

  • In addition now 30% (up 1ppts) of Australians say now is a ‘good time to buy’ major household items, while 39% (down 6ppts) of Australians say now is a ‘bad time to buy’.

The four-week moving average for ‘inflation expectations’ remained unchanged at 3.4%. The weekly reading increased to 3.5% from 3.2%.


ANZ Head of Australian Economics, David Plank, commented:

"Confidence continued to gain last week, though the pace of increase eased. The recent gains have resulted in the index recovering some 70% of the fall seen in the last two weeks of March. The gain likely reflects the continued good news on the path of the pandemic in Australia and the associated progressive easing of restrictions. The challenge for the coming week will be how households react to what is expected to be dire news on the state of the labour market.."


Latest ANZ-Roy Morgan Consumer Confidence Releases


Latest ANZ-Roy Morgan Australian & Asia-Pacific Consumer Confidence Data Tables

ANZ-Roy Morgan Weekly Australian Consumer Confidence Results (All 5 Questions)
ANZ-Roy Morgan 2020 Weekly Australian Consumer Confidence Results
ANZ-Roy Morgan Monthly Australian Consumer Confidence Results (1973-2020)
ANZ-Roy Morgan New Zealand Consumer Confidence Results (All 5 Questions)
Roy Morgan Indonesian Consumer Confidence Results (All 5 Questions)

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

Consumer Confidence – Monthly Detailed Report in Australia.
Business Confidence – Monthly Detailed Report in Australia.
Consumer Banking Satisfaction - Monthly Report in Australia.

You can also view our monitor of Monthly Australian Unemployment & Under-employment Estimates.
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About Roy Morgan

Roy Morgan is the largest independent Australian research company, with offices throughout Australia, as well as in Indonesia, the United States and the United Kingdom. A full service research organisation specialising in omnibus and syndicated data, Roy Morgan has over 70 years’ experience in collecting objective, independent information on consumers.

Margin of Error

The margin of error to be allowed for in any estimate depends mainly on the number of interviews on which it is based. Margin of error gives indications of the likely range within which estimates would be 95% likely to fall, expressed as the number of percentage points above or below the actual estimate. Allowance for design effects (such as stratification and weighting) should be made as appropriate.

Sample Size

Percentage Estimate

40%-60%

25% or 75%

10% or 90%

5% or 95%

1,000

±3.0

±2.7

±1.9

±1.3

5,000

±1.4

±1.2

±0.8

±0.6

7,500

±1.1

±1.0

±0.7

±0.5

10,000

±1.0

±0.9

±0.6

±0.4

20,000

±0.7

±0.6

±0.4

±0.3

50,000

±0.4

±0.4

±0.3

±0.2