Back To Listing

ANZ-Roy Morgan Australian Consumer Confidence trend decline resumes, down 2.7pts to 111.1

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,054 face-to-face interviews conducted Australia-wide with men and women aged 14 and over last weekend April 1/2, 2017.
After showing encouraging signs last week, headline ANZ-Roy Morgan Australian Consumer Confidence slumped to 111.1 - its lowest value since October 2015. This was a fall of 2.4% week on week. The four week average now stands at 112.5, falling below its long term average for the first time since February last year.

  • The fall in confidence was broad based, with four out of the five sub-indices recording declines. Expectations for economic conditions for next year fell sharply, with the index falling by 5.4% to the lowest in this year.

  • Households’ views towards their current finances fell by 2.8%, while the future finances index was down 2.1%.

  • The ‘good time to buy a household item’ sub-index rose 0.5%, the fourth consecutive weekly rise. This sub index is currently close to its long term trend.

  • Inflation expectations remained broadly unchanged, rising 1 bps to 4.4%. The four week average seems to be stabilising around 4.4%, close to the long term trend.
ANZ’s Head of Australian Economics David Plank commented:

“ANZ-Roy Morgan Australian Consumer Confidence resumed its downward trend with a notable drop this week, taking the four week average for the index below its long run average. 

"Under-employment in the labour market has ticked up recently and we may still be some way from a noticeable upturn in wages. This in turn is weighing on household income growth which we believe is one of the reasons behind the downward trend in consumer sentiment. The drop in confidence might also be a reaction to the recent announcement by the APRA to reign in investor lending.

"Consumers have been becoming less confident about the outlook for some months. This may be why retail sales were so weak in February. If confidence continues to waver then it seems reasonable to expect additional impacts on consumer spending.”

ANZ-Roy Morgan Australian Consumer Confidence Rating - April 4, 2017 - 111.1

ANZ-Roy Morgan Australian Consumer Confidence Rating - April 4, 2017 - 111.1

ANZ-Roy Morgan Australian Consumer Confidence Rating - April 4, 2017 - 111.1

Click here to view the PDF of the latest ANZ-Roy Morgan Weekly Consumer Confidence Release.

Latest ANZ-Roy Morgan Consumer Confidence Releases

Latest ANZ-Roy Morgan Australian & Asia-Pacific Consumer Confidence Data Tables

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 March 27 - April 2, 2017

  • Disability services provider investigated over series of deaths

  • Senator Nick Xenophon issues the Government with an ultimatum, saying his team's support for its proposed company tax cuts for big businesses hinges on it making the energy crisis its number one priority.

  • Enormous cost of Cyclone Debbie

  • Nick Xenophon defends deal to pass Government's company tax cuts

  • Cyclone Debbie flood emergency continues across south-east Qld

  • Senate votes down changes to Racial Discrimination Act

  • As the battle for Mosul continues, there is growing outcry over the high civilian death toll, with many residents reporting intense coalition airstrikes that are killing and wounding families being held by Islamic State as human shields.

  • Grocery prices will rise across Australia because of Cyclone Debbie.

  • Debbie smashes north Queensland with winds up to 260kph