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ANZ-Roy Morgan Consumer Confidence down 0.7pts to 109.2 following Victoria’s five day lockdown
February 23 2021
- Finding No.
Consumer Confidence Press Release
This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,472 online and telephone interviews conducted Australia-wide with men and women aged 14 and over the weekend February 20/21, 2021.
ANZ-Roy Morgan Consumer Confidence was down by 0.7pts to 109.2 on February 20/21, 2021. Consumer Confidence is now 1 point below the 2021 weekly average of 110.2 yet remains 0.9pts higher than the same week a year ago, February 22/23, 2020 (108.3).
The decrease in Consumer Confidence this week has been driven by a small fall in Australians saying now is a ‘good time to buy’ major household items.
Current financial conditions
- Now 27% (up 2ppts) of Australians say their families are ‘better off’ financially than this time last year and 29% (up 2ppts), say their families are ‘worse off’ financially.
Future financial conditions
Current economic conditions
- A decreased proportion of Australians, 18% (down 1ppt), expect ‘good times’ for the Australian economy over the next 12 months while 19% (down 1ppt), expect ‘bad times’.
Future economic conditions
In the longer term, over a quarter of Australians, 27% (up 3ppts), are expecting ‘good times’ for the economy over the next five years compared to only 13% (up 1ppt) expecting ‘bad times’.
Time to buy a major household item
- A decreasing plurality of Australians, 40% (down 2ppts), say now is a ‘good time to buy’ major household items, while 27% (up 2ppts), say now is a ‘bad time to buy’.
ANZ Head of Australian Economics, David Plank, commented:
"Consumer confidence has fallen for the third week in a row, despite the easing of lockdown restrictions in Victoria. Indeed, Regional Victoria led the fall with confidence deteriorating 10.5%. This could possibly be a catch-up to last week’s surprise rise in regional sentiment. Within the detail, the softness in ‘time to buy a major household item’ is interesting given the current strength of the housing market. We would expect the two to go hand-in-hand, so the relative softness of this aspect of sentiment may not endure."
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)
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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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