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A week before the Federal election, the Roy Morgan Consumer Confidence Rating for October was up 2.9 points to 128.9 points - the highest October result since first surveyed by Roy Morgan Research in 1976 and 22.8 points higher than the October average of 106.1.

The recent Consumer Confidence results were measured during the intense last weeks of a long election campaign, and after both the major parties’ campaign launches that saw the Liberal Party pledge $6 billion in election promises.

More Australians are saying now is a good time to buy major household items, such as electrical appliances or furniture, (58%, up 5% since September), which indicates good buying conditions in the lead-up to the retail high-season of Christmas. Thirteen percent (down 1%) said now is a bad time to buy major household items.

Australians’ were positive about the country’s economic future. The proportion of people expecting Australia to experience good economic conditions over the next five years was 37% (up 4%) in October, with 15% (up 2%) expecting bad economic times over the same period. Australians expecting good economic times over the coming year was 45% (up 6%) with 14% (down 2%) expecting bad times.

Australians were slightly less positive about their own financial situation and prospects. Thirty five per cent (down 3%) of Australians say their personal financial situation is better now than it was last year, with 25% (up 2%) saying they are now worse off. Looking ahead 46% (unchanged) of Australians expect to be better off financially this time next year, while 11% (down 2%) expect to be worse off.

Further information:

Monthly Roy Morgan Consumer Confidence Rating Figures
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Yearly Average
1973			119.2			117.0			108.4			103.8	112.1
1974			103.2			95.6			90.6			92.2	95.4
1975			114.0			104.2			100.8			103.0	105.5
1976	113.6		107.0	110.2		107.0	105.6		108.0	108.8	101.2		107.7
1977	104.2		98.6	101.6		103.8	99.4		105.0	104.4	109.4		103.3
1978	119.2		114.8	110.8		109.6	101.6		91.2	104.4	103.6		106.9
1979	110.2		106.2	109.4		92.6	90.2		99.4	97.6	98.8		100.6
1980	98.8		100.8	97.4		101.6	98.2		104.4	109.8	106.4		102.2
1981	113.4		111.8	101.8		100.8	95.0		92.4	98.2	98.0		101.4
1982	92.4		91.8	93.6		92.2	80.4		84.6	81.2	75.2		86.4
1983	87.8		97.4	96.0		95.4	98.2		100.6	106.4	113.2		99.4
1984	124.6		120.8	120.8		115.6	116.6		118.2	117.8	114.6		118.6
1985	114.8		110.2	99.4		98.0	100.8		106.8	107.8	94.8		104.1
1986	105.4		103.8	94.6	94.8	91.6	79.8	79.8	78.8	89.8	85.6	88.8	90.3
1987	90.4	88.0	86.8	90.8	91.8	93.4	98.6	96.4	94.8	104.0	87.2	93.0	92.9
1988	100.4	98.8	103.6	106.2	104.0	104.0	107.6	108.2	112.4	108.8	104.2	105.8	105.3
1989	105.0	94.6	88.4	88.4	87.4	72.8	73.0	78.8	82.0	79.0	81.0	80.0	84.2
1990	101.6	95.6	83.4	88.3	84.7	83.1	79.6	83.9	75.6	71.4	73.1	71.3	82.6
1991	78.5	85.4	85.0	87.2	87.7	88.6	98.1	95.2	93.3	95.8	91.1	83.0	89.1
1992	93.6	95.9	96.2	105.4	101.6	97.7	95.4	96.9	96.8	101.2	93.6	92.9	97.3
1993	100.8	100.4	105.9	102.3	102.2	96.2	96.6	100.8	90.2	103.5	111.9	108.5	101.6
1994	120.5	127.5	125.7	127.7	125.2	128.0	127.6	123.8	123.6	124.6	118.1	118.0	124.2
1995	112.3	112.4	113.9	114.7	112.0	112.4	110.2	115.5	111.7	116.2	114.3	111.9	113.1
1996	116.7	119.1	123.7	121.5	118.8	117.8	112.3	114.4	113.2	111.3	113.4	113.2	116.3
1997	119.2	115.1	116.2	112.5	114.2	115.5	110.7	111.7	112.4	112.8	111.6	110.6	113.5
1998	117.8	116.0	114.9	110.2	114.4	109.8	107.6	111.1	111.0	113.9	114.2	114.7	112.8
1999	122.1	121.8	122.5	119.6	122.5	122.2	118.2	122.8	122.3	119.6	122.8	122.2	121.6
2000	122.3	119.9	112.9	116.6	112.0	108.7	114.8	119.1	115.8	115.6	110.3	112.3	115.0
2001	119.9	109.5	106.2	103.6	107.4	108.6	115.3	116.4	120.9*	106.8	109.4	113.3	111.4
2002	124.8	123.0	122.3	123.2	124.0	116.4	123.4	119.9	122.1	117.2	114.0	109.6	120.0
2003	122.5	113.4	109.9	120.8	127.0	122.4	123.2	122.4	123.2	121.2	124.2	120.4	120.9
2004	126.0	126.8	130.4	124.4	125.0	125.6	128.9	127.6	126	128.9			127
Monthly Average	109.6	109.1	107.7	106.9	108.2	104.6	103.7	107.6	104.3	106.1	103.4	102.9	106.2
* The Roy Morgan Consumer Confidence Rating for September 15/16, 2001, conducted by telephone, was 102.3.

 

Results for the Roy Morgan Consumer Confidence Rating* for the component questions over the more recent surveys are as follows:
2003		Jan	Feb	Mar	Apr	May	June	July	Aug	Sep	Oct	Nov	Dec
Interviews		1003	1253	1160	1425	1336	1167	971	1087	964	1116	1097	1198
Q1 Would you say you and your family are better-off financially or worse off than you were at this time last year?
Over the past year	better off	35	34	33	36	34	32	30	32	35	31	34	34
	worse off	25	28	32	28	28	26	33	28	24	31	28	25
QUESTION 1 difference		10	6	1	8	6	6	-3	4	11	0	6	9
Q2 This time next year, do you and your family expect to be better-off financially or worse off than you are now?
	better off	44	45	45	45	46	41	40	42	41	40	44	44
	worse off	12	14	17	14	12	14	15	16	14	18	15	13
QUESTION 2 difference		32	31	28	31	34	27	25	26	27	22	29	31
Q3 Thinking of economic conditions in Australia as a whole. In the next 12 months, do you expect we?ll have good times financially, bad times or some good and some bad?
	good times	33	24	25	33	42	37	44	42	40	45	42	41
	bad times	25	37	41	27	18	20	20	22	19	21	19	21
QUESTION 3 difference		8	-13	-16	6	24	17	24	20	21	24	23	20
Q4 Looking ahead, what would you say is more likely, that in Australia as a whole, we?ll have continuous good times during the next 5 years of so> or we?ll have bad times> or some good and some bad?
	good times	31	28	30	37	40	33	38	33	34	34	36	32
	bad times	16	22	24	16	12	16	16	18	17	21	17	17
QUESTION 4 difference		15	6	6	21	28	17	22	15	17	13	19	15
Q5 Generally, do you think now is a good time> or a bad time> for people to buy major household times?
	good time to buy	60	52	49	52	54	56	59	59	53	59	58	47
	bad time to buy	12	15	19	14	11	11	11	12	13	12	14	20
QUESTION 5 difference		48	37	30	38	43	45	48	47	40	47	44	27
Roy Morgan Consumer Confidence Rating		122.5	113.4	109.9	120.8	127.0	122.4	123.2	122.4	123.2	121.2	124.2	120.4
* The Roy Morgan Consumer Confidence Rating is 100.0 plus the simple unweighted average of the difference between the percentage of respondents who give a favourable and those who give unfavourable answers to five key questions.

Results for the Roy Morgan Consumer Confidence Rating* for the component questions over the more recent surveys are as follows:
2004		Jan	Feb	Mar	Apr	May	June	July	Aug	Sep	Oct	Nov	Dec
Interviews		983	1142	1038	1231	1160	1092	1246	1157	967	1187
Q1 Would you say you and your family are better-off financially or worse off than you were at this time last year?
Over the past year	better off	32	33	34	33	33	35	36	35	38	35
	worse off	29	29	25	26	27	26	23	27	23	25
QUESTION 1 difference		3	4	9	7	6	9	13	8	15	10
Q2 This time next year, do you and your family expect to be better-off financially or worse off than you are now?
	better off	43	44	46	42	42	44	43	46	46	46
	worse off	14	14	10	13	16	12	13	12	13	11
QUESTION 2 difference		29	30	36	29	26	32	30	34	33	35
Q3 Thinking of economic conditions in Australia as a whole. In the next 12 months, do you expect we?ll have good times financially, bad times or some good and some bad?
	good times	45	47	48	43	43	41	44	43	39	45
	bad times	18	20	14	19	20	18	16	16	16	14
QUESTION 3 difference		27	27	34	24	23	23	28	27	23	31
Q4 Looking ahead, what would you say is more likely, that in Australia as a whole, we?ll have continuous good times during the next 5 years of so> or we?ll have bad times> or some good and some bad?
	good times	35	41	39	35	35	35	37	37	33	37
	bad times	14	17	13	18	15	14	15	15	13	15
QUESTION 4 difference		21	24	26	17	20	21	22	11	20	22
Q5 Generally, do you think now is a good time> or a bad time> for people to buy major household times?
	good time to buy	63	62	59	60	60	56	62	58	53	58
	bad time to buy	13	13	12	13	10	13	10	11	14	13
QUESTION 5 difference		50	49	47	47	50	43	52	47	39	45
Roy Morgan Consumer Confidence Rating		126.0	126.8	130.4	124.4	125.0	125.6	128.9	127.6	126	128.9
* The Roy Morgan Consumer Confidence Rating is 100.0 plus the simple unweighted average of the difference between the percentage of respondents who give a favourable and those who give unfavourable answers to five key questions.

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