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ANZ-Roy Morgan Consumer Confidence down 1pt to 110.9
March 16 2021
- Finding No.
Consumer Confidence Press Release
This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,494 online and telephone interviews conducted Australia-wide with men and women aged 14 and over the weekend March 13/14, 2021.
ANZ-Roy Morgan Consumer Confidence was down by 1pt to 110.9 on March 13/14, 2021. Consumer Confidence is now nearly level with the 2021 weekly average of 110.5 and is a significant 10.9pts higher than the same week a year ago, March 14/15, 2020 (100.0).
This week’s decrease in Consumer Confidence has been driven by decreasing confidence about the performance of the Australian economy over the next year and next five years.
Current financial conditions
- Now 27% (up 1ppt) of Australians say their families are ‘better off’ financially than this time last year and 30% (up 3ppts), say their families are ‘worse off’ financially.
Future financial conditions
Current economic conditions
- A decreasing proportion of Australians, 21% (down 1ppt), expect ‘good times’ for the Australian economy over the next 12 months while 17% (up 1ppt), expect ‘bad times’.
Future economic conditions
In the longer term, just under a quarter of Australians, 24% (down 2ppts), are expecting ‘good times’ for the economy over the next five years compared to 12% (down 1ppt) expecting ‘bad times’.
Time to buy a major household item
An unchanged plurality of Australians, 41%, say now is a ‘good time to buy’ major household items, while 25% (unchanged), say now is a ‘bad time to buy’.
ANZ Head of Australian Economics, David Plank, commented:
"Consumer confidence slipped 0.9% last weekend despite the federal government’s $1.2 billion support package aimed at restoring interstate tourism demand. We don’t think the drop in confidence was related to the two new COVID cases. The one in Sydney was revealed too late to be captured by the survey, while confidence in Queensland fell by a lot less than some of the other states. It is possible the drop in confidence could be linked to consumers being apprehensive about a future without the JobKeeper program, or the small decline could simply be a pure ‘noise’ in the data."
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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