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ANZ-Roy Morgan Consumer Confidence increases for ninth straight week, up 0.2pts to 99.9 – up in Melbourne as 16 week lockdown ends

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,529 online and telephone interviews conducted Australia-wide with men and women aged 14 and over the weekend October 31/ November 1, 2020.

ANZ-Roy Morgan Consumer Confidence increased 0.2pts to 99.9 on October 31/ November 1, 2020 and is now 5.7pts above the 2020 weekly average of 94.2 but is still 13.6pts lower than a year ago on the comparable weekend of November 2/3, 2019 (113.5).

Consumer Confidence has now increased for nine straight weeks and is up 9.7pts since ending August at 90.2 and at its highest for over six months since March 14/15, 2020 (100.0). Driving this week’s increase is more confidence about the economic conditions in Australia over the next year.

Current financial conditions

  • Now 22% (down 4ppts) of Australians say their families are ‘better off’ financially than this time last year and 34% (up 2ppts) say their families are ‘worse off’ financially.

Future financial conditions

  • In addition, 36% (up 1ppt) of Australians expect their family to be ‘better off’ financially this time next year compared to 16% (unchanged) that expect to be ‘worse off’ financially.

Current economic conditions

  • An increasing 12% of Australians (up 3ppts) expect ‘good times’ for the Australian economy over the next 12 months (the highest figure for this indicator for over 7 months since March 2020) while 30% (down 4ppts), expect ‘bad times’ (the lowest figure for this indicator for over a year since July 2019).

Future economic conditions

  • In the longer term, over a fifth, 22% of Australians (up 2ppts) are expecting ‘good times’ for the Australian economy over the next five years compared to 16% (up 1ppt) expecting ‘bad times’.

Time to buy a major household item

  • A decreasing plurality of Australians, 35% (down 1ppt), say now is a ‘good time to buy’ major household items, while under a third, 32% (up 1ppt), say now is a ‘bad time to buy’.

ANZ Head of Australian Economics, David Plank, commented:

“Confidence gained for the ninth straight week and is now close to neutral, its highest level since the pandemic induced collapse in confidence in mid-March. The details suggest some caution about the result, however. ‘Current financial conditions’ fell by more than 6% – its biggest weekly decline since the extreme weakness seen in March. This may be a sign that the cutbacks in the JobKeeper and JobSeeker payments are starting to be felt. The sub-indices can be volatile from week-to-week, as evidenced by the jump in inflation expectations after the plunge the week before, so we need to be cautious about reading too much into the drop. And consumers are quite confident about their future financial outlook. Still, we will be looking at other data (such as ANZ observed card spending) for any confirmation that household financial conditions are tightening.”

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)
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.

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


25% or 75%

10% or 90%

5% or 95%