This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,383 online and telephone interviews conducted Australia-wide with men and women aged 14 and over the weekend July 18/19, 2020.
ANZ-Roy Morgan Consumer Confidence dropped 0.9pts to 90.7 this week – and is now at its lowest for over two months since May 9/10, 2020 (90.3). The drop in Consumer Confidence was driven by a decline of 2.6pts in Melbourne to only 84.8.
The Victorian capital is now well below the national average as it battles a renewed outbreak of COVID-19. Consumer Confidence in Adelaide (92.8) and Sydney (91.0) was also down, although both are slightly above the national figure. Perth is the most confident city in Australia with Consumer Confidence surging 7.3pts to 103.4 as the city welcomed the AFL and football crowds back on the weekend.
Consumer Confidence is now 25.6pts lower than a year ago on the comparable weekend of July 20/21, 2019 (116.3) and 4.1pts below the 2020 weekly average of 94.8.
Current financial conditions
Now 23% (up 2ppts) of Australians say their families are ‘better off’ financially than this time last year (the lowest figure for this indicator for nearly three months since April 25/26, 2020) and 34% (unchanged) say their families are ‘worse off’ financially.
Future financial conditions
Current economic conditions
However just 7% (unchanged) expect ‘good times’ for the Australian economy over the next 12 months while 49% (up 1ppt), expect ‘bad times’ (the highest figure for this indicator for three months since April 18/19, 2020).
Future financial conditions
In the longer term, 18% (down 1ppt) of Australians are expecting ‘good times’ for the Australian economy over the next five years compared to 21% (up 1ppt) expecting ‘bad times’ (the highest figure for this indicator for nearly three months since April 25/26, 2020).
Time to buy a major household item
However, an increasing number of Australians, 35% (up 2ppts), say now is a ‘good time to buy’ major household items, while 38% (up 2ppts), say now is a ‘bad time to buy’.
ANZ Head of Australian Economics, David Plank, commented:
"Confidence continues to decline as the situation in Melbourne worsens and the number of cases in Sydney rises. The decline in sentiment is nowhere near as severe as the fall seen in mid-March, however. The resilience shown by the ‘current finances’ sub-index, which has actually risen a touch since the end of May as overall sentiment has fallen by almost 8%, is also encouraging. Australia’s success in combating the first surge in the pandemic, as well as the expectation that the Government stands ready to extend support if required, is underpinning this resilience."
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)
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ANZ-Roy Morgan Asia-Pacific Consumer Confidence Results (Headline Figures)
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.
Business Banking Satisfaction - Monthly Report in Australia.
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