April 27, 2022

ANZ-Roy Morgan Consumer Confidence virtually unchanged at 96.5 as many Australians enjoy a week away between Easter & ANZAC Day

Topic: Consumer Confidence, Press Release
Finding No: 8965
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ANZ-Roy Morgan Consumer Confidence was virtually unchanged, down only 0.3pts to 96.5 this week. Consumer Confidence is still a significant 15.9pts below the same week a year ago, April 24/25, 2021 (112.4) and remains just below the 2022 weekly average of 98.1.

Consumer Confidence this week had mixed results around Australia as many took the chance of back-to-back holiday weekends to take some time away with the index down in Victoria and Western Australia but up slightly in New South Wales, Queensland and South Australia.

Current financial conditions

  • Now just a quarter of Australians, 25% (unchanged) say their families are ‘better off’ financially than this time last year compared to 33% (down 3ppts), that say their families are ‘worse off’ financially.

Future financial conditions

  • Looking forward, a third of Australians, 33% (down 1ppt) of Australians expect their family to be ‘better off’ financially this time next year compared to just over a fifth, 23% (up 1ppt) that expect to be ‘worse off’ financially.

Current economic conditions

  • However, only 13% (unchanged), of Australians expect ‘good times’ for the Australian economy over the next twelve months compared to 25% (unchanged), that expect ‘bad times’.

Future economic conditions

  • In the longer term, just 15% (down 2ppts), of Australians are expecting ‘good times’ for the economy over the next five years compared to 19% (up 2ppts) expecting ‘bad times’.

Time to buy a major household item

  • Buying intentions are relatively unchanged on a week ago with 32% (down 1ppt) of Australians, saying now is a ‘good time to buy’ major household while 36% (down 2ppts) say now is a ‘bad time to buy’.

ANZ Head of Australian Economics, David Plank, commented:

Block Quote

Consumer confidence was practically unchanged last week, despite the continued fall in inflation expectations. Confidence declined by a modest 0.3% as petrol prices increased a touch after four straight weeks of decline. Even with higher petrol prices, households’ inflation expectations dropped 0.2ppt to 5.1%, its lowest level since the week ended 20 February. Today’s inflation data could have a near-term impact on sentiment, with it expected to confirm that inflation has surged. Among the major states, confidence increased 5.5% in NSW, 2% in Queensland and 3.5% in SA, while it dropped 4.4% in Victoria and 12.5% in WA. NSW was the only state with confidence above the neutral level of 100.”

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

Related Findings

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