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ANZ-Roy Morgan Consumer Confidence declines 1.5pts to 109.9 during Victoria’s 5 day lockdown and border closures
February 16 2021
- Finding No.
Consumer Confidence Press Release
This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,507 online and telephone interviews conducted Australia-wide with men and women aged 14 and over the weekend February 13/14, 2021.
ANZ-Roy Morgan Consumer Confidence was down by 1.5pts to 109.9 on February 13/14, 2021. Consumer Confidence is now 0.5 points below the 2021 weekly average of 110.4 yet remains 0.8pts higher than the same week a year ago, February 15/16, 2020 (109.1).
The decrease in Consumer Confidence this week has been driven by small falls in confidence in future outlooks for both people’s personal financial situations and Australia overall, with fewer Australians saying they will be ‘better off’ financially a year from now and fewer expecting Australia to have continuous ‘good times’ during the next five years.
Current financial conditions
- Now 25% (down 1ppt) of Australians say their families are ‘better off’ financially than this time last year and 27% (down 1ppt), say their families are ‘worse off’ financially.
Future financial conditions
Current economic conditions
- A decreased proportion of Australians, 19% (down 1ppt), expect ‘good times’ for the Australian economy over the next 12 months while 20% (up 1ppt), expect ‘bad times’.
Future economic conditions
In the longer term, less than a quarter of Australians, 24% (down 3ppts), are expecting ‘good times’ for the economy over the next five years compared to 12% (down 1ppt) expecting ‘bad times’.
Time to buy a major household item
- A decreasing plurality of Australians, 42% (down 1ppt), say now is a ‘good time to buy’ major household items, while 25% (down 1ppt), say now is a ‘bad time to buy’.
ANZ Head of Australian Economics, David Plank, commented:
"The weakness in consumer confidence comes on the back of Victoria’s snap lockdown and associated border closures. This was particularly evident in Melbourne, where confidence declined 5.4%, while in the rest of Victoria it actually increased 7.6%. Admittedly, the data for states/cities is inherently more volatile, given the small sample size. Sentiment in Sydney held up (up 2.8%) even as it weakened in the rest of New South Wales (down 1.5%). While the Victorian lockdown will undoubtedly have a material impact on spending, ANZ observed data shows it will likely rebound quickly when the lockdown eases."
Latest ANZ-Roy Morgan Consumer Confidence Releases.
Latest ANZ-Roy Morgan Australian & Asia-Pacific Consumer Confidence Data Tables
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 (1973-2021)
ANZ-Roy Morgan New Zealand Consumer Confidence Results (All 5 Questions)
Roy Morgan Indonesian Consumer Confidence Results (All 5 Questions)
ANZ-Roy Morgan Asia-Pacific Consumer Confidence Results (Headline Figures)
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.
You can also view our monitor of Monthly Australian Unemployment & Under-employment Estimates.
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