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ANZ-Roy Morgan Consumer Confidence virtually unchanged at 114.0
April 20 2021
- Finding No.
Consumer Confidence Press Release
This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,490 online and telephone interviews conducted Australia-wide with men and women aged 14 and over the weekend April 17/18, 2021.
ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 114.0 this week, down only 0.1pts from last week. Consumer Confidence has remained well above the 2021 weekly average of 110.9 and is a huge 29.8pts higher than the same week a year ago, April 18/19, 2020 (84.2).
There were slight declines this week in people’s views of their personal finances but these were largely offset by improvements in perceptions of Australia’s economic performance.
Current financial conditions
- Now 27% (down 4ppts) of Australians say their families are ‘better off’ financially than this time last year and 25% (unchanged), say their families are ‘worse off’ financially.
Future financial conditions
Current economic conditions
- Just over one-in-five Australians, 23% (up 1ppt), expect ‘good times’ for the Australian economy over the next 12 months (the highest figure for this indicator for over a year since March 1, 2020) while only 15% (down 1ppt), expect ‘bad times’ (the lowest figure for this indicator for over a decade since October 2010).
Future economic conditions
In the longer term, a quarter of Australians, 25% (up 1ppt), are expecting ‘good times’ for the economy over the next five years compared to only 11% (down 1ppt) expecting ‘bad times’.
Time to buy a major household item
ANZ Head of Australian Economics, David Plank, commented:
"The strong labour market report released last week, with a drop of unemployment rate to 5.6% and underemployment below 8%, didn’t provide the boost to sentiment we might have expected. Confidence did, however, remain above its long-run average, and perhaps the good news on employment offset any fallout from the vaccine disappointment. The opening of the trans-Tasman travel bubble this week has also most likely helped maintain a positive sentiment."
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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