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ANZ-Roy Morgan Consumer Confidence drops 1.6pts to 112.4 as Greater Perth enters three-day lockdown
April 27 2021
- Finding No.
Consumer Confidence Press Release
This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,497 online and telephone interviews conducted Australia-wide with men and women aged 14 and over the weekend April 24/25, 2021.
ANZ-Roy Morgan Consumer Confidence was down 1.6pts to 112.4 this week. Despite the fall Consumer Confidence is still above the 2021 weekly average of 111.0 and is a huge 27.4pts higher than the same week a year ago, April 25/26, 2020 (85.0).
The fall this week was driven by large falls in Perth as well as other Capital Cities including Melbourne, Brisbane and Sydney and the declines were centred on the indices looking at the next 12 months and next five years which were all slightly down.
Current financial conditions
- Now 28% (up 1ppt) of Australians say their families are ‘better off’ financially than this time last year and 26% (up 1ppt), say their families are ‘worse off’ financially.
Future financial conditions
Current economic conditions
- Just over one-in-five Australians, 21% (down 2ppts), expect ‘good times’ for the Australian economy over the next 12 months while only 15% (unchanged), expect ‘bad times’.
Future economic conditions
In the longer term, around a fifth of Australians, 21% (down 4ppts), are expecting ‘good times’ for the economy over the next five years compared to only 12% (up 1ppt) expecting ‘bad times’.
Time to buy a major household item
- An unchanged plurality of Australians, 44%, say now is a ‘good time to buy’ major household items while 23% (down 1ppt) say now is a ‘bad time to buy’ (the lowest figure for this indicator for over a year since March 1, 2020).
ANZ Head of Australian Economics, David Plank, commented:
"The three-day lockdown of the Perth and Peel region following the emergence of new COVID-19 infections led to a fall of 1.4% in consumer confidence. Not surprisingly, sentiment in Perth fell the most (-8.2%), but Brisbane (-4.9%), Sydney (-3.6%) and Melbourne (-4.4%) were also impacted. Both the ‘current’ and 'future economic conditions’ took a hit following a rise in the past two weeks. This fall is possibly due to the uncertainty surrounding the new strains of the virus. We know, however, from previous experience that a quick resolution of the lockdown will see sentiment (and spending) rebound very quickly."
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)
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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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