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ANZ-Roy Morgan Australian Consumer Confidence rebounds sharply - up 4.7% to 119.1

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,065 face-to-face interviews conducted Australia-wide with men and women aged 14 and over last weekend February 25/26, 2017.
ANZ-Roy Morgan Australian Consumer Confidence jumped sharply (up 4.7%) this week following a disappointing performance the previous week (down 2.3%). The increase in confidence was broadly based with all five sub-indices posting gains.

  • Households’ views of current finances rose a sharp 9.3% in the week ending 26 February, more than reversing last week’s 7.5% fall. Sentiment towards future finances also rose a solid 6.3% bringing the index to its highest value since March 2016.

  • Households’ views around economic conditions also improved. Sentiment towards the 12 month outlook bounced 4.4% while sentiment towards the longer term outlook rose a more modest 1.7%.

  • The ‘good time to buy a household item’ sub-index rose for the third straight week (up 2.5%) bringing the index to its highest value in six weeks.
ANZ’s Senior Economist Jo Masters commented:

“The marked improvement in ANZ-Roy Morgan Australian Consumer Confidence this week is quite encouraging and is consistent with the strong start to the year in the housing market and elevated domestic equity prices.

"Importantly, views towards current financial conditions recovered strongly after the surprisingly large fall the previous week. Overall, consumers have remained upbeat about their finances over the past six months with the index holding well above its long term average despite ongoing soft wage growth.

"Indeed, we expect this week’s December quarter GDP data to confirm that private consumption bounced back from the soft reading in Q3. Overall, the GDP report is expected to show a healthy rate of growth in the economy, after the surprising contraction in Q3, and confirmation of this could support consumer confidence, particularly around the economic outlook, in weeks to come.

ANZ-Roy Morgan Australian Consumer Confidence - February 28, 2017 - 119.1

ANZ-Roy Morgan Australian Consumer Confidence - February 28, 2017 - 119.1

ANZ-Roy Morgan Australian Consumer Confidence - February 28, 2017 - 119.1

Click here to view the PDF of the latest ANZ-Roy Morgan Weekly Consumer Confidence Release.

Latest ANZ-Roy Morgan Consumer Confidence Releases

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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 February 20-26, 2017

  • 'Clean coal' cheaper than renewable energy, lobby group claims

  • Heroin deaths prompt renewed calls for Victorian safe injecting rooms

  • Victorian Deputy Speaker resigns over second residence controversy

  • Victorian Speaker resigns over second residence controversy

  • Indonesian President Joko Widodo to talk trade, trust and foreign tensions on Australia trip

  • Catholic Church's response to child sexual abuse was 'criminally negligent'

  • Australia Post CEO Ahmed Fahour resigns after salary furore

  • Why the penalty rate decision flags the start of a new political fight

  • Penalty rates to be reduced for hospitality, retail workers

  • High debts, house prices mean no more rate cuts likely: Reserve Bank

  • Netanyahu praises Turnbull for calling out UN 'hypocrisy'

  • Report suppressed by Catholic Church to be tabled at royal commission

  • Medicinal marijuana importation approved by Federal Government to boost supplies

  • The Turnbull Government looks set to unwind the Medicare rebate freeze in the May budget, in a move that could cost in excess of $3 billion.

  • BHP Billiton returns to profit