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ANZ-Roy Morgan Consumer Confidence drops 0.7pts to 110.7 after Melbourne’s lockdown is extended into a second week

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,528 online and telephone interviews conducted Australia-wide with men and women aged 14 and over the weekend June 5/6, 2021.
ANZ-Roy Morgan Consumer Confidence dropped 0.7pts to 110.7 this week after Melbourne’s lockdown was extended into a second week. Consumer Confidence is now just below the 2021 weekly average of 111.3 but is 13.7pts higher than the same week a year ago, June 6/7, 2020 (97.0).

This week’s decrease was driven by a drop in Melbourne and Country Victoria. Across the indices the view on personal finances compared to this time a year ago as well as the number of people saying now is a good time to buy major household items were both slightly lower than a week ago.

Current financial conditions

  • Now 29% (down 2ppts) of Australians say their families are ‘better off’ financially than this time last year and 26% (unchanged), say their families are ‘worse off’ financially.


Future financial conditions

  • In addition, a plurality of 40% (unchanged) of Australians expect their family to be ‘better off’ financially this time next year compared to only 14% (down 2ppts) that expect to be ‘worse off’ financially.


Current economic conditions

  • An unchanged 20% of Australians expect ‘good times’ for the Australian economy over the next 12 months while 18% (up 3ppts), expect ‘bad times’.


Future economic conditions

  • In the longer term, a fifth of Australians, 20% (up 1ppt), are expecting ‘good times’ for the economy over the next five years compared to only 13% (down 1ppt) expecting ‘bad times’.


Time to buy a major household item

  • A declining plurality of Australians, 41% (down 1ppt), say now is a ‘good time to buy’ major household items while 25% (up 1ppt) say now is a ‘bad time to buy’.


ANZ Head of Australian Economics, David Plank, commented:

"Consumer confidence fell another 0.6% as the lockdown in Melbourne was extended until at least 10 June. Confidence fell by 2.4% in Melbourne and by 0.6% in Brisbane, but it was up 4.3% in Sydney. The emergence of a more infectious strain of COVID is raising concerns that the lockdown could be extended again. This could have a more lasting impact on confidence than we have seen with recent snap lockdowns. Still, the fact that consumers became more confident about future financial and economic conditions suggests even a longer shutdown may not have a permanently dampening effect on overall 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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About Roy Morgan

Roy Morgan is the largest independent Australian research company, with offices throughout Australia, as well as in Indonesia, the United States and the United Kingdom. A full service research organisation specialising in omnibus and syndicated data, Roy Morgan has over 70 years’ experience in collecting objective, independent information on consumers.

Margin of Error

The margin of error to be allowed for in any estimate depends mainly on the number of interviews on which it is based. Margin of error gives indications of the likely range within which estimates would be 95% likely to fall, expressed as the number of percentage points above or below the actual estimate. Allowance for design effects (such as stratification and weighting) should be made as appropriate.

Sample Size

Percentage Estimate

40%-60%

25% or 75%

10% or 90%

5% or 95%

1,000

±3.0

±2.7

±1.9

±1.3

5,000

±1.4

±1.2

±0.8

±0.6

7,500

±1.1

±1.0

±0.7

±0.5

10,000

±1.0

±0.9

±0.6

±0.4

20,000

±0.7

±0.6

±0.4

±0.3

50,000

±0.4

±0.4

±0.3

±0.2