April 20, 2021

ANZ-Roy Morgan Consumer Confidence virtually unchanged at 114.0

Topic: Consumer Confidence, Press Release
Finding No: 8675
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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).

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

  • In addition, 39% (down 2ppts) of Australians expect their family to be ‘better off’ financially this time next year compared to only 13% (unchanged) that expect to be ‘worse off’ financially.


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

  • An increasing plurality of Australians, 44% (up 1ppt) say now is a ‘good time to buy’ major household items while 24% (down 1ppt) say now is a ‘bad time to buy’.


ANZ Head of Australian Economics, David Plank, commented:

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“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.”


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

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

Related Findings

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