Back To Listing
ANZ-Roy Morgan Consumer Confidence up 0.3pts to 111.0 after Melbourne’s two-week lockdown ends but restrictions remain
June 16 2021
- Finding No.
Consumer Confidence Press Release
This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,486 online and telephone interviews conducted Australia-wide with men and women aged 14 and over the weekend June 12/13, 2021.
ANZ-Roy Morgan Consumer Confidence increased 0.3pts to 111.0 this week after Melbourne’s two-week lockdown ended, although restrictions remain including a 25km travel limit. Consumer Confidence is just below the 2021 weekly average of 111.3 but is 13.5pts higher than the same week a year ago, June 13/14, 2020 (97.5).
This week’s small increase was driven by more Australians expecting ‘good times’ for the performance of the Australian economy over the next five years and more Australians saying now is a ‘good time to buy’ major household items.
Current financial conditions
- Now 27% (down 2ppts) of Australians say their families are ‘better off’ financially than this time last year and 28% (up 2ppts), say their families are ‘worse off’ financially.
Future financial conditions
Current economic conditions
- Slightly fewer Australians, 18% (down 2ppts) expect ‘good times’ for the Australian economy over the next 12 months while 15% (down 3ppts), expect ‘bad times’.
Future economic conditions
In the longer term, over a fifth of Australians, 21% (up 1ppt), are expecting ‘good times’ for the economy over the next five years compared to only 12% (down 1ppt) expecting ‘bad times’.
Time to buy a major household item
- An increasing plurality of Australians, 45% (up 4ppts), say now is a ‘good time to buy’ major household items while 25% (unchanged) say now is a ‘bad time to buy’.
ANZ Head of Australian Economics, David Plank, commented:
"Consumer confidence increased 0.3% last week as the two-week lockdown in Melbourne came to an end, although restrictions such as mandatory wearing of masks in public places and other travel and gathering restrictions remained. This probably explains why confidence in Melbourne fell a further 0.9%, while it rose by 4.8% in regional Victoria. We see the rapid recovery in confidence in regional Victoria as evidence that consumer sentiment remains resilient in the face of temporary lock-downs and so don’t expect the more prolonged period of restrictions in Melbourne to have a long-term scarring effect."
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 (1973-2021)
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.
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