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ANZ-Roy Morgan Australian Consumer Confidence Ticks up 2.2pts to 113.9
May 03 2016
- Finding No.
Consumer Confidence Press Release
This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,048 face-to-face interviews conducted Australia-wide with men and women aged 14 and over last weekend April 30/ May 1, 2016.
2.30pm - RBA CUTS AUSTRALIAN INTEREST RATES TO RECORD LOW 1.75%
ANZ-Roy Morgan Consumer Confidence rose 2.0% to 113.9 this week, partly reversing the fall in the previous week and bringing confidence back above its long run average. Consumers appear comfortable ahead of the Budget release tonight with few major policy measures likely to make a significant hit to average family ‘wallets’.
ANZ Head of Australian Economics Felicity Emmett commented:
- The improvement in confidence was quite broad-based. Consumers’ views towards their current personal financial situation (+2.9%), economic conditions in the next 12 months (+4.3%), economic conditions in the next 5 years (+2.9%), and whether ‘now is a good time to buy a household item’ (+1.5%) all rose last week. Providing only a small offset was a modest fall in households’ views towards the financial outlook (-0.9%).
“ANZ-Roy Morgan Australian Consumer Confidence has been volatile in the lead-up to the Commonwealth Budget, but the solid gain last week is a good sign. With leaks around the Budget suggesting no major hits to households, we expect that last week’s rally represents an element of relief. It’s possible also, that the recent speculation around the potential for RBA rate cuts may have supported consumer sentiment over the past week.
"Tonight’s Budget will be important in shaping confidence over the next few weeks in the lead-up to a double dissolution election in early July. Given the weak tone to retail sales over the past few months, some boost to confidence would be welcome, especially if it translated into stronger consumer spending.”
Click to view the PDF of the ANZ-Roy Morgan Weekly Consumer Confidence Release.
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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.
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