ANZ-Roy Morgan Consumer Confidence up 0.5pts to 97.5

Current financial conditions

• Now 24% (up 2ppts) of Australians say their families are ‘better off’ financially than this time last year and 35% (up 1ppt) say their families are ‘worse off’ financially.

Future financial conditions

• 38% (up 1ppt), expect their family to be ‘better off’ financially this time next year compared to 17% (unchanged) that expect to be ‘worse off’ financially.

Current economic conditions

• Just 9% (unchanged) expect ‘good times’ for the Australian economy over the next 12 months while 38% (down 2ppts) expect ‘bad times’.

Future financial conditions

• And in the longer term, 19% (down 2ppts) of Australians are expecting ‘good times’ for the Australian economy over the next five years compared to 16% (up 1ppt) expecting ‘bad times’.

Time to buy a major household item

• In addition now 37% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 34% (down 1ppt) of Australians say now is a ‘bad time to buy’.

The four-week moving average for ‘inflation expectations’ remained unchanged at 3.2%. The weekly reading increased 0.2pts to 3.3%.