This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,042 face-to-face interviews conducted Australia-wide with men and women aged 14 and over last weekend February 11/12, 2017.
ANZ-Roy Morgan Australian Consumer Confidence edged down by 0.9% to 116.4 this week – its second straight fall. The decrease was driven primarily by declines in sentiment toward both financial and economic conditions over the next 12 months.
- Households’ views of current finances improved by 1.0% whereas sentiment towards future finances fell by 1.8%. Both indicators remain well above their long run averages.
- Households’ views of economic conditions over the next 12 months deteriorated by 3.8%, partially unwinding the 5.7% bounce over the previous two weeks. Sentiment regarding economic conditions over the next five years edged down 0.7% this week after a solid 4.7% rise the previous week.
- The ‘good time to buy a household item’ sub-index was broadly flat (+0.1%).
ANZ’s Head of Australian Economics David Plank commented:
“The slight fall in consumer confidence this week is somewhat disappointing, given the recent positive data around business conditions and house prices as well as some recovery in domestic stock prices.
"The deterioration in the financial and economic outlooks over the next 12 months may reflect the current global policy uncertainty as well as downward revisions to growth in last week’s Statement on Monetary Policy. Overall, however, confidence remains above trend and is likely to remain elevated in the longer term in our view, supported by solid economic fundamentals and accommodative monetary conditions. Importantly, confidence in current finances appears to have stabilised.
"The labour force report on Thursday has the potential to impact confidence in the near term. We expect a solid rise in employment given the strength in business conditions and leading employment indicators.”
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 February 6-12, 2017
Bernardi to split with Coalition, form Australian Conservatives
MPs' gold pass for travel scrapped as part of entitlements overhaul
Turnbull wants Australia Post to rethink CEO's $5.6m pay packet
Blame game begins as SA faces further heatwave power cuts
Coalition MP set to cross floor on banking royal commission bill
Victoria like a 'furnace' as state hit with first heatwave of the summer
'Sycophant' Shorten savaged by Turnbull in Question Time
Reserve Bank leaves interest rates on hold at 1.5pc
Applause, emotions as Catholic Church savaged for sacrificing children