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ANZ-Roy Morgan Consumer Confidence increases for fifth straight week, up 1pt to 105.6 as Sydney lockdown ends
October 12 2021
- Finding No.
Consumer Confidence Press Release
This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,523 online and telephone interviews conducted Australia-wide with men and women aged 14 and over the weekend October 9/10, 2021.
ANZ-Roy Morgan Consumer Confidence was up for the fifth straight week, up by 1pt to 105.6 in mid-October. However, Consumer Confidence remains below the 2021 weekly average of 108.3 but is now 7.9 points higher than the same week a year ago, October 10/11, 2020 (97.7).
Consumer Confidence this week was up in Sydney as the 106 day lockdown finally came to an end. Consumer Confidence was also up in Brisbane and Adelaide, however down in Melbourne as the lockdown of that city is set to continue for another two weeks.
Driving this week’s small increase was increasing confidence about the performance of the Australian economy over the next year and more Australians saying now is a ‘good time to buy’ major household items.
Current financial conditions
Future financial conditions
- An unchanged plurality of 36% of Australians expect their family to be ‘better off’ financially this time next year, compared to 14% (unchanged) that expect to be ‘worse off’ financially.
Current economic conditions
- An increasing proportion of 17% (up 1ppt) of Australians expect ‘good times’ for the Australian economy over the next twelve months while 23% (down 2ppts), expect ‘bad times’.
Future economic conditions
In the longer term, a fifth of Australians, 20% (down 2ppts), are expecting ‘good times’ for the economy over the next five years compared to 16% (down 1ppt) expecting ‘bad times’.
Time to buy a major household item
- Buying intentions improved this week with 37% (up 1ppt) of Australians, saying now is a ‘good time to buy’ major household items while 30% (down 3ppts) say now is a ‘bad time to buy’.
ANZ Head of Australian Economics, David Plank, commented:
"Consumer confidence increased by 1.0% nationally as Sydney was poised to come out of its long lockdown. Confidence in the city rose by 2.5%, along with gains in Brisbane (14.4%) and Perth (3.1%). This rise was partially offset by a drop in confidence in Adelaide (-3.4%) and Melbourne (-3.6%). The dampened outlook in Melbourne may reflect rapidly rising COVID case numbers in the city. Given that more than 84% of the adult population in Victoria has been vaccinated at least once, the daily cases should peak soon, which should provide a boost to Melbourne ahead of its reopening. Sentiment in Sydney and NSW could also rise on a successful reopening, though we do note that confidence in Sydney is already a touch above its average for 2021."
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)
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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.
You can also view our monitor of Monthly Australian Unemployment & Under-employment Estimates.
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