ANZ-Roy Morgan Consumer Confidence ends record nine week run, down 1.3pts to 97.0

Current financial conditions

• Now 22% (down 2ppts) of Australians say their families are ‘better off’ financially than this time last year and 34% (down 2ppts) say their families are ‘worse off’ financially.

Future financial conditions

• 37% (down 1ppt), 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 9% (down 1ppt) expect ‘good times’ for the Australian economy over the next 12 months while 40% (down 2ppts) expect ‘bad times’.

Future financial conditions

• And in the longer term, 21% (down 3ppts) of Australians are expecting ‘good times’ for the Australian economy over the next five years compared to 15% (down 2ppts) expecting ‘bad times’.

Time to buy a major household item

• In addition now 37% (down 5ppts) of Australians say now is a ‘good time to buy’ major household items, while 35% (up 1ppt) of Australians say now is a ‘bad time to buy’.

The four-week moving average for ‘inflation expectations’ decreased 0.1ppt at 3.2%. The weekly reading remained unchanged at 3.1%.