This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 945 face-to-face interviews conducted Australia-wide with men and women aged 14 and over last weekend October 8/9, 2016.
ANZ-Roy Morgan Australian Consumer Confidence edged down 0.3% to 117.5 this week following a 2.2% fall last week. The report was mixed – indicators of current conditions fell slightly while forward-looking indicators posted gains.
ANZ Senior Economist Jo Masters commented:
- Consumers’ views towards their current finances fell 0.6%, while views towards future finances rose 0.7%. Both of these sub-indices remain well above their long run averages.
- The dip in consumer confidence was largely driven by a 1.5% decrease in consumers’ views of the 12 month economic outlook. Even so, consumers remain relatively upbeat about the longer-term economic outlook, with the 5 year ahead index rising 0.7%.
- Household views on whether ‘now is a good time to buy a household item’ slipped 0.8%.
“Following two months of volatility, ANZ-Roy Morgan Consumer Confidence was relatively flat this week, with the headline index falling 0.3%.
"The fall in consumers’ views toward current economic conditions is a little disappointing given the solid run of domestic data last week. That said, consumers remain positive about the longer term outlook. Importantly, consumers’ views towards current and future financial conditions remain above their long term trend, likely reflecting strength in the housing market, accommodative monetary conditions, and ongoing employment growth. Last week’s retail sales data were encouraging and suggest that above trend consumer confidence may be translating into stronger spending.”
Click here 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.
The week that was October 3-9, 2016
Home prices keep rising, Melbourne overtaking Sydney
Nine Australians are facing court in Malaysia after stripping down to Malaysian-flag themed swimwear at last weekend's Formula One race
Pyne staffer among group arrested wearing 'budgie smugglers'
'One hell of a sad day': Last Ford rolls off Australian production line
Australia begins joint military exercises in South China Sea
Labor has called for Attorney-General George Brandis to resign after solicitor-general Justin Gleeson SC claimed he was not consulted on marriage equality and citizenship laws.
Labor calls for Brandis' resignation amid stoush with solicitor-general
Nationals fear One Nation threat as party confirms it will contest WA election
Reserve Bank leaves interest rates on hold at 1.5pc
Big four prepare for bank inquiry grilling as Deutsche Bank hits serious strife
Cultural change in banking industry expected after inquiry
Energy policy worsened SA blackout, Greg Hunt says