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ANZ-Roy Morgan Consumer Confidence drops 4.6pts to 107.7 after Greater Brisbane goes into lockdown – lowest since November 2020
April 07 2021
- Finding No.
Consumer Confidence Press Release
This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,494 online and telephone interviews conducted Australia-wide with men and women aged 14 and over the weekend April 3/4, 2021.
ANZ-Roy Morgan Consumer Confidence dropped 4.6pts to 107.7 on the Easter weekend of April 3/4, 2021. Consumer Confidence is now below the 2021 weekly average of 110.4 but is a huge 35.8pts higher than the same week a year ago, April 4/5, 2020 (71.9).
The drop in Consumer Confidence this week comes after Greater Brisbane went into a snap three day lockdown last week and driving the decline this week were big drops in confidence in Brisbane, Country Queensland and also NSW – which also had a case of community transmission last week.
Current financial conditions
- Now 27% (down 3ppts) 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
In addition, 39% (down 2ppts) of Australians expect their family to be ‘better off’ financially this time next year compared to only 17% (up 3ppts) that expect to be ‘worse off’ financially (the highest figure for this indicator for five months since November 7/8, 2020).
Current economic conditions
- Just under one-in-five Australians, 19% (down 2ppts), expect ‘good times’ for the Australian economy over the next 12 months while 20% (up 2ppts), expect ‘bad times’.
Future economic conditions
In the longer term, just over a fifth of Australians, 21% (down 1ppt), are expecting ‘good times’ for the economy over the next five years (the lowest figure for this indicator for over five months since October 24/25, 2020) compared to 13% (unchanged) expecting ‘bad times’.
Time to buy a major household item
Just under two-fifths of Australians, 39% (down 5ppts) say now is a ‘good time to buy’ major household items (the lowest figure for this indicator for nearly five months since November 14/15, 2020), while 28% (up 4ppts), say now is a ‘bad time to buy’ (the highest figure for this indicator for nearly five months since November 21/22, 2020).
ANZ Senior Economist, Catherine Birch, commented:
"New COVID-19 cases, the snap Brisbane lockdown and the end of JobKeeper combined to drag consumer confidence down 4.6pts. This was the largest fall since late-March 2020. Not even the Easter long weekend could cheer us up; in fact, in four of the five years pre-COVID, confidence declined over Easter. Queensland recorded the sharpest drop of 11.2pts, even though the 3-day Brisbane lockdown ended on Thursday, but all other states bar South Australia also recorded declines. History shows that confidence tends to bounce back quickly once lockdowns lift though, so we should see confidence improve over coming weeks. It’s possible, however, that the end of JobKeeper on 28 March will have a more prolonged effect on confidence."
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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