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ANZ-Roy Morgan Consumer Confidence drops 2.5pts to 90.2 as new outbreaks of COVID-19 continue in NSW & Queensland
September 01 2020
- Finding No.
Consumer Confidence Press Release
This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,511 online and telephone interviews conducted Australia-wide with men and women aged 14 and over the weekend August 29/30, 2020.
ANZ-Roy Morgan Consumer Confidence dropped 2.5pts to 90.2 on August 29/30, 2020 and is now 24.2pts lower than a year ago on the comparable weekend of August 31/ September 1, 2019 (114.4) and 3.6pts below the 2020 weekly average of 93.8.
Driving the fall this week was decreasing confidence across all five indices led by confidence dropping about personal financial situations.
Current financial conditions
Now 23% (down 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
Current economic conditions
Future financial conditions
Time to buy a major household item
A decreasing proportion of Australians, 32% (down 1ppt), say now is a ‘good time to buy’ major household items, while 39% (up 2ppts), say now is a ‘bad time to buy’.
ANZ Head of Australian Economics, David Plank, commented:
“Confidence declined last week, after two successive gains. The weakness was predominantly due to declines outside of Victoria and New South Wales. Confidence is now below the neutral level of 100 in all the major cities. Encouragingly, confidence actually rose in Victoria. The continued drop in new COVID-19 cases in Melbourne may be giving hope that the severity of the lockdown can be eased as planned. There is still work to be done, however. In the meantime, confidence may be challenged by the expected confirmation this week that Australia’s economy contracted at a record rate in the second quarter.”
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ANZ-Roy Morgan Weekly Australian Consumer Confidence Results (All 5 Questions)
ANZ-Roy Morgan 2020 Weekly Australian Consumer Confidence Results
ANZ-Roy Morgan Monthly Australian Consumer Confidence Results (1973-2020)
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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
Consumer Confidence – Monthly Detailed Report in Australia.
Business Confidence – Monthly Detailed Report in Australia.
Consumer Banking Satisfaction - Monthly Report in Australia.
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