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ANZ-Roy Morgan Consumer Confidence increases 1.5pts to 107.5 as vaccination rates continue to rise
December 07 2021
- Finding No.
Consumer Confidence Press Release
This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,513 online and telephone interviews conducted Australia-wide with men and women aged 14 and over the weekend December 4/5, 2021.
ANZ-Roy Morgan Consumer Confidence increased 1.5pts to 107.5 on the first weekend of December. Consumer Confidence is below the 2021 weekly average of 108.1 and now 1.5pts below the same week a year ago, December 7/8, 2020 (109.0).
Consumer Confidence this week was up in NSW, Queensland and WA, but saw small reductions in Victoria, SA and Tasmania. This week’s small increase was driven by Australians becoming more confident about their personal financial situations.
Current financial conditions
Future financial conditions
- 39% of Australians (up 2ppts) expect their family to be ‘better off’ financially this time next year, compared to 17% (unchanged) that expect to be ‘worse off’ financially.
Current economic conditions
- Now 17% (down 1ppt), of Australians expect ‘good times’ for the Australian economy over the next twelve months compared to 18% (down 2ppts), that expect ‘bad times’.
Future economic conditions
- In the longer term, under a fifth of Australians, 19% (up 3ppts), are expecting ‘good times’ for the economy over the next five years compared to 17% (down 1ppt) expecting ‘bad times’.
Time to buy a major household item
- Buying intentions slightly decreased this week, with 41% (down 1ppt) of Australians, saying now is a ‘good time to buy’ major household items while 27% (up 1ppt) say now is a ‘bad time to buy’.
ANZ Head of Australian Economics, David Plank, commented:
"Consumer confidence rose 1.4% last week even as ‘weekly inflation expectations’ rose a touch to 4.9%. Consumers are positive about the outlook despite the news about the Omicron variant. Among the major cities confidence increased by 5.0% in Sydney, 1.0% in Brisbane and 1.4% in Perth, while it dropped in Melbourne (-1.2%) and Adelaide (-0.5%). The sustained jump in inflation expectations doesn’t seem to have had a major impact on sentiment, unlike what is occurring elsewhere such as in the US."
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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