Roy Morgan Research
April 03, 2024

ANZ-Roy Morgan Consumer Confidence virtually unchanged at 82.8 as Australians enjoy Easter holiday weekend

Topic: Consumer Confidence
Finding No: 9450
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ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 82.8 this week. The index has now spent a record 61 straight weeks below the mark of 85. Consumer Confidence is now 4.6 points above the same week a year ago, March 27 – April 2, 2023 (78.2), and virtually identical to the 2024 weekly average of 83.0.

Looking around the States, Consumer Confidence was down in New South Wales, up in Victoria, Queensland and South Australia and virtually unchanged in Western Australia.

Current financial conditions

  • Now just a fifth of Australians, 20% (down 1ppt), say their families are ‘better off’ financially than this time last year compared to a majority of 52% (unchanged) that say their families are ‘worse off’.

Future financial conditions

  • Views on personal finances over the next year are evenly balanced with just over a third of Australians, 34% (unchanged), expecting their family to be ‘better off’ financially this time next year while another 33% (up 2ppts), expect to be ‘worse off’.

Short-term economic confidence

  • Just over one-in-ten Australians, 11% (up 1ppt) expect ‘good times’ for the Australian economy over the next twelve months compared to nearly a third, 31% (down 1ppt), that expect ‘bad times’.

Medium-term economic confidence

  • Net sentiment regarding the Australian economy in the longer term was unchanged this week with 14% (down 1ppt) of Australians expecting ‘good times’ for the economy over the next five years compared to a fifth, 20% (down 1ppt), expecting ‘bad times’.

Time to buy a major household item

  • Buying intentions were virtually unchanged this week with 22% (up 1ppt) of Australians saying now is a ‘good time to buy’ major household items while 51% (up 1ppt), say now is a ‘bad time to buy’.

ANZ Senior Economist, Catherine Birch, commented:

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ANZ-Roy Morgan Australian Consumer Confidence declined a touch last week and has remained within the 80-85 range for 15 consecutive weeks. Inflation expectations rose to 5.2% going into the Easter long weekend, likely reflecting higher petrol prices. But households may have also felt more keenly the current bout of high chocolate inflation, driven by surging global cocoa prices. Confidence among those paying off their homes rose 1.2pts to 80pts, was largely steady at 81.7pts for renters, and fell 2.1pts to 86.0pts for outright homeowners.

Check out the latest results for our weekly surveys on Business Confidence, Consumer Confidence, and Voting Intention as follows:

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

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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
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