ANZ-Roy Morgan Consumer Confidence increases for ninth straight week, up 5.6pts to 98.3

Current financial conditions

• Now 24% (up 1ppt) of Australians say their families are ‘better off’ financially than this time last year and 36% (unchanged) say their families are ‘worse off’ financially.

Future financial conditions

• 38% (unchanged), expect their family to be ‘better off’ financially this time next year compared to 17% (unchanged) that expect to be ‘worse off’ financially.

Current economic conditions

• Just 10% (up 4ppts) expect ‘good times’ for the Australian economy over the next 12 months while 42% (down 6ppts) expect ‘bad times’.

Future financial conditions

• And in the longer term, 24% (up 4ppts) of Australians are expecting ‘good times’ for the Australian economy over the next five years compared to 17% (down 3ppts) expecting ‘bad times’.

Time to buy a major household item

• In addition now 42% (up 7ppts) of Australians say now is a ‘good time to buy’ major household items, while 34% (down 4ppts) of Australians say now is a ‘bad time to buy’.

The four-week moving average for ‘inflation expectations’ remained unchanged at 3.3%. The weekly reading decreased to 3.1% from 3.2%.