ANZ-Roy Morgan Consumer Confidence increases for sixth straight week, up 0.8pts to 90.3

Current financial conditions

• Now 21% (down 2ppts) of Australians say their families are ‘better off’ financially than this time last year and 40% (up 1ppt) say their families are ‘worse off’ financially.

Future financial conditions

• 36% (unchanged), expect their family to be ‘better off’ financially this time next year compared to 20% (down 1ppt) that expect to be ‘worse off’ financially.

Current economic conditions

• Just 6% (down 2ppts) expect ‘good times’ for the Australian economy over the next 12 months while 46% (down 2ppts) expect ‘bad times’.

Future financial conditions

• And in the longer term, 19% (down 1ppt) of Australians are expecting ‘good times’ for the Australian economy over the next five years compared to 18% (unchanged) expecting ‘bad times’.

Time to buy a major household item

• In addition now 30% (up 1ppts) of Australians say now is a ‘good time to buy’ major household items, while 39% (down 6ppts) of Australians say now is a ‘bad time to buy’.

The four-week moving average for ‘inflation expectations’ remained unchanged at 3.4%. The weekly reading increased to 3.5% from 3.2%.