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ANZ-Roy Morgan Australian Consumer Confidence bounces back - up 2.9pts to 117.6

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,057 face-to-face interviews conducted Australia-wide with men and women aged 14 and over last weekend August 13/14, 2016.
ANZ-Roy Morgan Australian Consumer Confidence bounced a solid 2.5% to 117.6 this week – largely offsetting the decline over the previous week. Sentiment is now 4.3% above its long run average.

  • The improvement in confidence was driven by a sharp rebound in consumers’ views of the economic outlook. Households’ views of the 12 month economic outlook bounced a solid 9.6% – more than offsetting the decline over the previous week. Household views’ of the five years economic outlook also improved considerably, up 4.6%.

  • Consumers were also a touch more optimistic about their finances. Consumers’ views of their current finances were flat, while views of future finances rose 1.7%.

  • Consumers’ views towards whether ‘now is a good time to buy a major household item’ fell 1.1%.
ANZ Head of Australian economics Felicity Emmett commented:

“While ANZ-Roy Morgan Australian Consumer Confidence has been volatile recently, it remains well above its long run average. Last week’s rebound in confidence was underpinned by a strong bounce in the economic outlook subindices. Australians’ perceptions of the economic outlook have likely been supported by a combination of factors: the strength in the housing market (with strong auction clearance rates, especially in Sydney and Melbourne); relatively resilient business sentiment; low interest rates (especially with the RBA’s decision to cut the cash rate two weeks ago); and ongoing strong performance in equity markets.

"The strength in the labour market remains a key driver of confidence. On this front, this week’s employment data will be important for the near term direction of consumer confidence.”

ANZ-Roy Morgan Australian Consumer Confidence - August 16, 2016 - 117.6

ANZ-Roy Morgan Australian Consumer Confidence - August 16, 2016 - 117.6

ANZ-Roy Morgan Australian Consumer Confidence Rating - August 16, 2016 - 117.6

Click here to view the PDF of the latest 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.


The week that was August 8-14, 2016

  • NAB tips two more rate cuts, despite solid business confidence

  • 'Chemistry is not an exact science' say organisers after closing fart-smelling pool

  • Australia's Kim Brennan wins gold in stunning sculls victory

  • Hanson secures six-year Senate term under major parties deal

  • Treasurer blocks sale of Ausgrid to Chinese, Hong Kong bidders

  • Teen Chalmers breaks Australia's gold drought in blue riband event

  • Fairfax posts $1b loss despite Domain real estate profit