This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,504 online and telephone interviews conducted Australia-wide with men and women aged 14 and over the weekend January 16/17, 2021.
ANZ-Roy Morgan Consumer Confidence was down slightly by 0.2pts to 108.7 on January 16/17, 2021. Consumer Confidence is now 12.7pts above the 2020 weekly average of 96.0 and is 0.4pts higher than the same week a year ago, January 18/19, 2020 (108.3).
There was little change this week compared to the first reading of 2021 a week ago but slightly fewer Australians say now is a ‘good time to buy major household items’ than they did a week ago and during the pre-Christmas sales period in December.
It’s worth noting there is ongoing uncertainty about the future economic prospects for the Australian economy with more than half of respondents not able to say whether to expect ‘good times’ or ‘bad times’ for the Australian economy over the next year and next five years.
Current financial conditions
Now 25% (down 1ppt) of Australians say their families are ‘better off’ financially than this time last year and 30% (up 2ppts), say their families are ‘worse off’ financially.
Future financial conditions
Current economic conditions
Future economic conditions
Time to buy a major household item
- A clear plurality of Australians, 42% (down 2ppts), say now is a ‘good time to buy’ major household items, while only 25% (up 1ppt), say now is a ‘bad time to buy’.
ANZ Head of Australian Economics, David Plank, commented:
"Consumer confidence was close to unchanged over the weekend, consolidating at an above neutral level – though below the long-run average. Sentiment is higher than a year ago, but the comparison reflects the impact of the bushfires in late 2019 and early 2020. Within the detail, ‘future financial conditions’ stood out with a gain of 2.4% and remain well above the long-run average. Inflation expectations have pulled-back a touch from their recent high."
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 (1973-2021)
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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