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ANZ-Roy Morgan Consumer Confidence down 1.1pts to 117.4

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 982 face-to-face interviews conducted Australia-wide with men and women aged 14 and over the weekend March 24/25, 2018.
ANZ-Roy Morgan Australian Consumer Confidence slipped 0.9% last week following a 2.2% bounce previously. The details were mixed, households were more optimistic about future financial conditions and the ‘time to buy a household item’, but this was more than offset by concern around the economic outlook.

  • Views towards current economic conditions deteriorated sharply by 6.8% to 101.9, its lowest value in 18 weeks. Future economic conditions were also hit, falling 3.6% to 108.7, a five-week low.

  • Households’ views towards current financial conditions fell 3.1% last week partially unwinding the 6.4% rise previously. Meanwhile, consumers were more optimistic about future financial conditions, which rose 2.8% to 130.2 – its highest since February 2017.

  • The ‘time to buy a household item’ rose 4.2% last week to 139.9 – its highest value in eight weeks. Inflation expectations eased to 4.4% on a four-week moving average basis, with the latest weekly reading at 4.3%.

ANZ’s Senior Economist, Felicity Emmett, commented:

“Last week’s back-and-forth on import tariffs between the US and China roiled global and domestic equity markets, fuelling fears of retaliatory measures by governments worldwide.

"This is likely responsible for the sharp deterioration in households’ views around the economic outlook. Additionally, the unexpected tick up in the unemployment and underemployment rate in February may also have impacted.

"Stepping away from the week-to-week volatility, views around economic conditions (four-week average) have fallen by about a third from their February peak. However, they remain above their long-term average and consistent with our expectations of solid economic growth in 2018.

"Encouragingly, four out of five sub-indices remain above their long-term averages. In particular, after dropping sharply from its February high, the ‘time to buy a household item’ appears to be trending up again. Together with the stabilisation of aggregate financial conditions this may point to some resilience in consumer spending going forward.”

Click here to download the latest weekly ANZ-Roy Morgan Australian Consumer Confidence PDF.

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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 March 19-25, 2018

  • 'Tell me this is a bad dream': Cricket greats react to ball-tampering scandal 
  • Family of man mistakenly killed in alleged bikies-linked shooting 'torn apart'
  • Bodies found on Bribie Island beach 'suspicious', police say
  • Victorian peat fires could smoulder for months, farmers fear
  • $38 billion wiped off Australian shares as Trump hits China with tariff threat
  • Banking royal commission highlights the conflict of interest at heart of mortgage broking
  • How a 'small army of Bradburys' could hand Turnbull a company tax cut
  • 'Australia thinks we're spies': Chinese students angered by visa delays as state media issues 'red alert' 
  • Commercial radio is not playing enough Australian music, researcher says 
  • One Nation to back company tax cuts in exchange for funding for 1,000 apprentices
  • Legal concerns over plan to extend 'outdated' regional forestry agreements 
  • Cambridge Analytica's Australian office is a former used-car salesman's house 
  • Kaurna people granted native title rights in Adelaide, 18 years on
  • Uber driverless car crash fails to deter early adopters because 'humans are inferior' 
  • You only tweet twice: The digital life of Australia's spy chief 
  • A lock of hair and a new DNA testing centre could help solve a 40-year-old missing person case
  • NRL's decision to allow Matt Lodge back looking worse by the week 
  • Former ADFA cadet accused of rape 'kept groping woman until she bit him'Homes lost as bushfires intensify in Victoria's west
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Roy Morgan is the largest independent Australian research company, with offices throughout Australia, as well as in Indonesia, the United States and the United Kingdom. A full service research organisation specialising in omnibus and syndicated data, Roy Morgan has over 70 years’ experience in collecting objective, independent information on consumers.

Margin of Error

The margin of error to be allowed for in any estimate depends mainly on the number of interviews on which it is based. Margin of error gives indications of the likely range within which estimates would be 95% likely to fall, expressed as the number of percentage points above or below the actual estimate. Allowance for design effects (such as stratification and weighting) should be made as appropriate.

Sample Size

Percentage Estimate


25% or 75%

10% or 90%

5% or 95%