This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,517 online and telephone interviews conducted Australia-wide with men and women aged 14 during the week of January 4-9, 2022.
ANZ-Roy Morgan Consumer Confidence dropped 2.4pts to 106.0 during the first week of January, and is now 2.9 pts below the same week a year ago, January 9/10, 2021 (108.9).
The small drop in Consumer Confidence follows a surge in cases of the Omicron variant of COVID-19 cases over the last few weeks with tens of thousands of cases in NSW, Victoria, Queensland and South Australia causing many problems for businesses with staff forced to isolate due to catching COVID-19 or because of being a close contact. The surge in cases has likely contributed to the small decline in Consumer Confidence in the first week of January, a week in which Consumer Confidence normally increases to start the new year.
Consumer Confidence this week was down in all states, particularly in South Australia (-11.8pts). Driving the decrease were negative movements in relation to current economic conditions and buying intentions going forward.
Current financial conditions
Now 30% (down 2 ppts) of Australians say their families are ‘better off’ financially than this time last year compared to 23% (down 4ppts), that say their families are ‘worse off’ financially.
Future financial conditions
38% of Australians (unchanged) 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
Now 14% (down 5ppts), of Australians expect ‘good times’ for the Australian economy over the next twelve months compared to 24% (up 4ppts), that expect ‘bad times’.
Future economic conditions
In the longer term, just over a fifth of Australians, 21% (unchanged), are expecting ‘good times’ for the economy over the next five years compared to 16% (unchanged) expecting ‘bad times’.
Time to buy a major household item
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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