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Australian Consumer Confidence Remains Stable On 124.4

Article No. 468 - March 11, 2006

In March, the Roy Morgan Consumer Confidence Rating was again stable on 124.4, virtually unchanged since January this year.  The latest result is 15.8 points higher than the March average of 108.6 and 2.9 points higher than a year ago.

Australians are still relatively positive about their own financial situation and prospects — now 34% (down 1%) say their personal financial situation is better now than it was last year, while 25% (unchanged) say they are now worse off.  Looking ahead, 45% (up 1%) expect to be better off financially this time next year, while 14% (unchanged) expect to be worse off.

In March, the proportion of Australians expecting good economic times over the next five years is down 1% to 34%, with the proportion of Australians expecting bad economic times down 1% to 19%.  Expectations of good economic conditions in Australia over the next 12 months are down 2% to 42%, with 20% (down 1%) expecting bad economic conditions over the coming year.

The proportion of Australians saying now is a good time to buy major household items such as electrical appliances or furniture is stable.  In March, 58% (down 1% since February and up 8% from the March 2005 figure) say now is a good time to buy, whilst 13% (down 1%) say now is a bad time to buy major household items.

 

For further information:

Gary Morgan

Office (03) 9224 5213

Mobile 0411 129 094

Home (03) 9419 3242

 

 

 

 

The Roy Morgan Consumer Confidence Rating is based on 1,125 face-to-face interviews conducted Australia-wide on the weekend of March 4/5, 2005.

 

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 126.0 126.8 130.4 124.4 125.0 125.6 128.9 127.6 126 128.9 124.8 125.5 126.7
2005 133.2 132.0 121.5 119.4 119.5 118.8 116.8 120.6 114.3 105.4 110.6 117.7 119.2
2006 124.3

124.5

124.4                   124.4

 

Monthly
Average

110.8

111

108.6

107.3

108.8

105.1

104.1

108.3

104.6

106.1

104.4

104.6

106.6

* 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:

2005

Jan

Feb

Mar

Apr

May

June

July

Aug

Sep

Oct

Nov

Dec

Interviews

1,141 1,250 1,181 1,074 1,092 1,070 1,038 1,077 1,033 1,114 1,003 1,083

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

36 36 35 32 34 32 31 36 32 32 31 34

 

worse off

21 21 24 26 28 24 30 27 30 32 30 27

QUESTION 1 difference

15 15 11 6 6 8 1 9 2 0 1 7

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

47 46 44 43 42 41 41 40 39 39 35 40

 

worse off

11 11 15 15 15 16 20 16 21 26 20 17

QUESTION 2 difference

36 35 29 28 27 25 21 24 18 13 15 23

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

52 50 39 38 36 35 35 42 36 28 32 41

 

bad times

14 15 23 26 24 25 27 23 28 39 32 23

QUESTION 3 difference

38 35 16 12 12 10 8 19 8 -11 - 18

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

41 41 36 33 33 30 30 32 30 25 28 31

 

bad times

14 13 16 22 21 23 22 24 25 29 26 26

QUESTION 4 difference

27 28 20 11 12 7 8 8 5 -4 2 5

Q5 Generally, do you think now is a good time - or a bad time - for people to buy major household items?

 

good time to buy

61 58 50 53 55 55 61 57 52 50 53 53

 

bad time to buy

11 11 18 14 14 12 14 14 14 21 18 18

QUESTION 5 difference

50 47 32 39 41 43 47 43 38 29 35 35

 

Roy Morgan Consumer Confidence Rating

133.2 132.0 121.5 119.4 119.5 118.8 116.8 120.6 114.3 105.4 110.6 117.7

 

* 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:

2006

Jan

Feb

Mar

Apr

May

June

July

Aug

Sep

Oct

Nov

Dec

Interviews

1,062 1,163 1,125                  

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

31 35 34                  

 

worse off

26 25 25                  

QUESTION 1 difference

5 10 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

42 44 45                  

 

worse off

14 14 14                  

QUESTION 2 difference

28 30 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

41 44 42                  

 

bad times

21 21 20                  

QUESTION 3 difference

20 23 22                  

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

36 35 34                  

 

bad times

20 20 19                  

QUESTION 4 difference

16 15 15                  

Q5 Generally, do you think now is a good time - or a bad time - for people to buy major household items?

 

good time to buy

64 59 58                  

 

bad time to buy

12 14 13                  

QUESTION 5 difference

52 45 45                  

 

Roy Morgan Consumer Confidence Rating

124.3 124.5 124.4                  

 

* 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.

 


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