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Fall In April But Consumer Confidence Still High

The Roy Morgan Consumer Confidence Rating is based on 1,231 face-to-face interviews conducted Australia-wide on the weekends of April 3/4, 2004.

The Roy Morgan Consumer Confidence Rating fell 6 points in April to 124.4 points, although down it is still the highest April result since 1994 and 17.5 points higher than the April average of 106.9.

The fall in the Roy Morgan Consumer Confidence rating in April was driven by a decline in Australian optimism about Australia as a whole, both in the short term, and the longer term.

The proportion of people expecting Australia to experience good economic conditions over the next five years fell 4% in April to 35%, with those expecting bad economic times over the same period rising 5% to 18%. People’s predictions for the shorter term were also down, with 43% (down 5%) expecting Australia to see good economic times over the coming year compared to 19% (up 5%) expecting bad times.

In April 33% (down 1%) say their personal financial situation is better now than it was this time last year, with 26% (up 1%) saying they are now worse off. Looking ahead Australians are less optimistic than last month about the following year, 42% (down 4%) expect to be better off financially this time next year while 13% (up 3%) expect to be worse off.

Analysis of whether now is a good time to buy major household items, such as electrical appliances or furniture was up 1% to 60% while only 13% (up 1%) saying now is a bad time to buy major household items.

The Roy Morgan Consumer Confidence Rating is based on 1,231 face-to-face interviews conducted Australia-wide on the weekends of April 3/4, 2004.


For further information:

Gary Morgan: Office: (03) 9224 5213 Mobile: 0411 129 094 Home: (03) 9419 3242
Michele Levine: Office: (03) 9224 5215 Mobile: 0411 129 093 Home: (03) 9817 3066