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ANZ-Roy Morgan Australian Consumer Confidence down 1.1pts to 113.4
April 05 2016
- Finding No.
Consumer Confidence Press Release
This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,053 face-to-face interviews conducted Australia-wide with men and women aged 14 and over last weekend April 2/3, 2016.
ANZ-Roy Morgan Consumer Confidence fell 1.0% to 113.4 this week after a fall of 1.6% over the previous two weeks. After being on an upward trend for the past eight weeks, the four week moving average is now falling. Driving the fall was weakness in confidence in the economic outlook. In contrast, households’ views of their own finances improved over the week.
ANZ Head of Australian Economics Felicity Emmett commented:
- Consumers’ views around the five year economic outlook fell a sharp 7.6%, while views toward the one year economic outlook declined 0.8%.
- Consumers’ views towards their current finances rose a solid 2.6% (‘finances compared to a year ago’) and views towards future finances nudged up 0.2% (‘finances in the next 12 months’).
“ANZ-Roy Morgan Australian Consumer Confidence has fallen in the past three weeks following recent highs. Disappointing news flow around the economy seems to be creating uncertainty about the economic outlook for households. Employment growth has slowed, retail sales have disappointed and house prices have softened.
"Moreover, government machinations in the lead-up to the Commonwealth Budget may be weighing on the outlook for households. With the Coalition now behind in the polls and Prime Minister Turnbull’s personal ratings falling, optimism over the potential for the current government to implement lasting reform seems to be fading.”
Click to view the PDF of the latest ANZ-Roy Morgan Weekly Consumer Confidence Release.
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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.
You can also view our monitor of Monthly Australian Unemployment & Under-employment Estimates.