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ANZ-Roy Morgan Australian Consumer Confidence stabilises at 115.4

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,009 face-to-face interviews conducted Australia-wide with men and women aged 14 and over last weekend November 26/27, 2016.
ANZ-Roy Morgan Australian Consumer Confidence edged 0.1% lower to 115.4 this week, with the decline driven by a deterioration in households’ view of their finances. Providing some offset was an improvement in households’ views of the economic outlook.

  • Households’ views of their finances compared to a year ago fell 1.5% last week, largely reversing the gain over the previous week. Meanwhile, households’ view of their future finances dropped 0.9%.

  • In contrast, after a sharp drop the previous week, households’ views on economic conditions over the next 12 months edged 0.7% higher, while household’s view on the economic outlook in the next 5 years bounced a solid 3.1%.

  • Household views on whether ‘now is a good time to buy a household item’ dropped for the third consecutive week, down 1.2% last week.

  • The 4-week moving average of inflation expectations edged higher, to 4.0% from 3.9% last week.
ANZ Head of Australian Economics Felicity Emmett commented:

“Australian household confidence has come off the highs seen in August. This likely reflects consumers’ concerns over the recent loss of momentum in labour markets, with the pace of employment growth slowing, and persistently low wage growth. That said, confidence remains well above its long run average.

"In the lead-up to the Christmas season, we will be watching consumer confidence as a key gauge for the outlook on spending. After an earlier soft patch, momentum in retail sales has picked up over the past two months, and with confidence still elevated we expect this week’s retail data to show another solid rise. Whether that momentum can be sustained will likely depend on developments in the labour market.”

ANZ-Roy Morgan Australian Consumer Confidence - November 29, 2016 - 115.4
ANZ-Roy Morgan Australian Consumer Confidence - November 29, 2016 - 115.4

ANZ-Roy Morgan Australian Consumer Confidence Rating - November 29, 2016 - 115.4

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 November 21-27, 2016

  • Government looks to crossbench & Labor to pass industrial relations bills

  • Cuba's Fidel Castro dies aged 90

  • Federal Government rules out negative gearing changes

  • Calls for Brandis to be sacked over 'secret' WA deal

  • Senate votes in favour of 10.5pc backpacker tax

  • Government passes super changes saving budget nearly $3 billion

  • Asthma cases spike as storm spreads pollen in Melbourne

  • Dutton again lashes Fraser government's refugee policies

  • Turnbull meets with Obama, talks trade, terrorism and Trump

  • Back from the dead: Australia's most wanted terrorist arrested

  • Neil Prakash, who was dubbed Australia's most wanted terrorist and believed killed in a US air strike in May, is alive and has been arrested in Turkey, officials confirm.

  • The Federal Government agrees to sweeping new federal whistle-blower laws, to apply to the public and corporate sectors, to secure the passage of a key piece of industrial relations legislation.

  • Angela Merkel wants to run for fourth term

  • Senate sits late to pass double dissolution trigger bill