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ANZ-Roy Morgan Consumer Confidence down 1.7 pts to 89.0 driven by falls in Melbourne and Sydney

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,540 online and telephone interviews conducted Australia-wide with men and women aged 14 and over the weekend August 1/2, 2020.

ANZ-Roy Morgan Consumer Confidence dropped 1.7pts to 89.0 this week – and is now at its lowest for three months since April 25/26, 2020 (85.0). Consumer Confidence is now 29.5pts lower than a year ago on the comparable weekend of July 27/28, 2019 (118.5) and 5.6pts below the 2020 weekly average of 94.6.

Driving the fall this week was a decline in confidence that now is a ‘good time to buy’ major household items and smaller declines across other parts of the index.


Current financial conditions

  • Now 25% (up 2ppts) of Australians say their families are ‘better off’ financially than this time last year and 36% (up 2ppts) say their families are ‘worse off’ financially.


Future financial conditions

  • In addition 32% (unchanged) of Australians expect their family to be ‘better off’ financially this time next year compared to 21% (up 1ppt) that expect to be ‘worse off’ financially.


Current economic conditions

  • However just 7% (unchanged) expect ‘good times’ for the Australian economy over the next 12 months while 50% (up 1ppt), expect ‘bad times’ (the highest figure for this indicator for over three months since April 18/19, 2020).


Future financial conditions

  • In the longer term, 19% (up 1ppt) of Australians are expecting ‘good times’ for the Australian economy over the next five years compared to 23% (up 2ppts) expecting ‘bad times’ (the highest figure for this indicator for three months since April 25/26, 2020).


Time to buy a major household item

  • A decreasing number of Australians, 31% (down 4ppts), say now is a ‘good time to buy’ major household items, while 39% (up 1ppt), say now is a ‘bad time to buy’.


ANZ Head of Australian Economics, David Plank, commented:

"Confidence continues to deteriorate, with the fifth straight decline. Sentiment has dropped almost 10% from its high at the end of May. The rise in pandemic related deaths in Victoria and new case numbers rising in Sydney seem to be sapping confidence. The reductions in the Jobkeeper and Jobseeker payments from the end of September may have also weighed, with ‘Current economic conditions’ falling sharply and the improvement in ‘Current finances’ stalling at a low level. Inflation expectations rose again, with the four week moving average at its highest level since mid-May. This lift comes just ahead of the Q2 CPI data, which is likely to show the biggest ever fall in headline inflation."


Latest ANZ-Roy Morgan Consumer Confidence Releases


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

ANZ-Roy Morgan Weekly Australian Consumer Confidence Results (All 5 Questions)
ANZ-Roy Morgan 2020 Weekly Australian Consumer Confidence Results
ANZ-Roy Morgan Monthly Australian Consumer Confidence Results (1973-2020)
ANZ-Roy Morgan New Zealand Consumer Confidence Results (All 5 Questions)
Roy Morgan Indonesian Consumer Confidence Results (All 5 Questions)
ANZ-Roy Morgan Asia-Pacific Consumer Confidence Results (Headline Figures)


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

Consumer Confidence – Monthly Detailed Report in Australia.
Business Confidence – Monthly Detailed Report in Australia.
Consumer Banking Satisfaction - Monthly Report in Australia.
Business Banking Satisfaction - Monthly Report in Australia.

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About Roy Morgan

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

40%-60%

25% or 75%

10% or 90%

5% or 95%

1,000

±3.0

±2.7

±1.9

±1.3

5,000

±1.4

±1.2

±0.8

±0.6

7,500

±1.1

±1.0

±0.7

±0.5

10,000

±1.0

±0.9

±0.6

±0.4

20,000

±0.7

±0.6

±0.4

±0.3

50,000

±0.4

±0.4

±0.3

±0.2