This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,516 online and telephone interviews conducted Australia-wide with men and women aged 14 during the week of January 10-16, 2022.
ANZ-Roy Morgan Consumer Confidence decreased during the second week of January, down 8.1pts to 97.9 and is now at its lowest since October 2020 during Victoria’s second wave of COVID-19. In addition, Consumer Confidence is now 10.8 pts below the same week a year ago, January 16/17, 2021 (108.7).
The fall is likely related to several factors including the surging ‘Omicron variant’ of COVID-19 which has also led to shortages in PCR tests, Rapid Antigen tests, vaccine dose availability for children aged 5-11 (which began last week), and supply chain issues with shortages of key goods in supermarkets and other retailers. Many Australians have also returned from their holidays and were back at work last week after a positive Consumer Confidence reading to start the year.
Consumer Confidence this week was down in all States, except in South Australia - in which Consumer Confidence had already dropped a week ago, and is now below the neutral level of 100 in all States. Driving the decrease were negative movements across the index with particularly large falls personal finances compared to a year ago current buying intentions.
Current financial conditions
Now 25% (down 5ppts) of Australians say their families are ‘better off’ financially than this time last year compared to 30% (up 7ppts), that say their families are ‘worse off’ financially.
Future financial conditions
Current economic conditions
Now 13% (down 1ppt), of Australians expect ‘good times’ for the Australian economy over the next twelve months compared to 29% (up 5ppts), that expect ‘bad times’.
Future economic conditions
In the longer term, just under a fifth of Australians, 17% (down 4ppts), are expecting ‘good times’ for the economy over the next five years compared to 17% (up 1ppt) expecting ‘bad times’.
Time to buy a major household item
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.
You can also view our monitor of Monthly Australian Unemployment & Under-employment Estimates.
For comments or more information please contact:
Roy Morgan - Enquiries
Office: +61 (03) 9224 5309