Data collected last weekend (Saturday and Sunday), based on 1,061 face-to-face interviews.
ANZ-Roy Morgan Consumer Confidence rebounded 2.7% to 114.6 in the week ending October 26 to the highest level in twelve weeks. We expect the improvement was supported by the rally in stockmarkets last week and reduced volatility generally in global financial markets.
The detail of the report was also encouraging. Expectations of the economic outlook – which have been at subdued levels – bounced solidly. Households’ view of economic conditions over the next year jumped almost 10% to the highest level since mid-April, which was just before negative news surrounding the Federal budget began to impact confidence. Expectations of economic conditions over the next five years also improved solidly (+3.9%).
ANZ Chief Economist Warren Hogan commented:
“The lift in ANZ-Roy Morgan Consumer Confidence is encouraging. Combined with more evidence last week of a coming pick-up in non-mining business investment and indications that the labour market is gradually strengthening, this gives us more confidence that the gradual transition towards the non-mining economy is continuing. However, consumer confidence clearly remains fragile and we will continue to monitor confidence closely for an early-read on consumption into Q4.”
Click to view the PDF of the ANZ-Roy Morgan Weekly Consumer Confidence Release.
Latest ANZ-Roy Morgan Consumer Confidence Releases
Latest ANZ-Roy Morgan Australian & Asia-Pacific Consumer Confidence Data Tables
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.
You can also view our monitor of Monthly Australian Unemployment & Under-employment Estimates.