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ANZ-Roy Morgan Consumer Confidence up 1.9pts to 112.3
March 30 2021
- Finding No.
Consumer Confidence Press Release
This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,480 online and telephone interviews conducted Australia-wide with men and women aged 14 and over the weekend March 27/28, 2021.
ANZ-Roy Morgan Consumer Confidence was up by 1.9pts to 112.3 on March 27/28, 2021. Consumer Confidence is now slightly above the 2021 weekly average of 110.6 but is a huge 47pts higher than the record low recorded the same week a year ago, March 28/29, 2020 (65.3).
The Consumer Confidence result from a year ago was a record low of 65.3pts as heavy restrictions rolled out around Australia in response to the onset of the COVID-19 pandemic.
This week’s increase has been largely driven by increasing confidence about personal financial positions in the next 12 months.
Current financial conditions
- Now 30% (up 3ppts) of Australians say their families are ‘better off’ financially than this time last year and 27% (down 1ppt), say their families are ‘worse off’ financially.
Future financial conditions
Current economic conditions
- Just over one-in-five Australians, 21% (up 2ppts), expect ‘good times’ for the Australian economy over the next 12 months while 18% (up 1ppt), expect ‘bad times’.
Future economic conditions
In the longer term, just over a fifth of Australians, 22% (unchanged), are expecting ‘good times’ for the economy over the next five years compared to 13% (up 2ppts) expecting ‘bad times’.
Time to buy a major household item
In good news for retailers an increasing plurality of Australians, 44% (up 1ppts) say now is a ‘good time to buy’ major household items, while 24% (down 1ppt), say now is a ‘bad time to buy’.
ANZ Head of Australian Economics, David Plank, commented:
"Consumer confidence recovered with a gain of 1.7% as the weather improved along the east coast, after heavy rainfall and floods wreaked havoc. Confidence rose sharply in Queensland, with a gain of 10.5% in Brisbane and 6.7% in the rest of the state. Sentiment in Queensland may be tested by the emergence of a COVID-19 cluster in Brisbane. NSW was more subdued, with confidence down 0.3% - reflecting perhaps the ongoing impact of the flooding and the sad news that two lives were lost. The rise in overall confidence to almost its long-run average is encouraging and points to the end of JobKeeper being successfully navigated overall, if not without some difficult individual circumstances."
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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