Roy Morgan Research
May 19, 2020

ANZ-Roy Morgan Consumer Confidence increases for seventh straight week, up 2.0pts to 92.3

Topic: Consumer Confidence, Press Release
Finding No: 8415
RMR Logo

Confidence lifted for the seventh straight week, up 2.2% to 92.3.

Current financial conditions

  • Now 24% (up 3ppts) of Australians say their families are ‘better off’ financially than this time last year and 36% (down 4ppts) say their families are ‘worse off’ financially.

Future financial conditions

  • 37% (up 1ppt), expect their family to be ‘better off’ financially this time next year compared to 20% (unchanged) that expect to be ‘worse off’ financially.

Current economic conditions

  • Just 7% (up 1ppt) expect ‘good times’ for the Australian economy over the next 12 months while 48% (up 2ppts) expect ‘bad times’.

Future financial conditions

  • And in the longer term, 21% (up 2ppts) of Australians are expecting ‘good times’ for the Australian economy over the next five years compared to 18% (unchanged) expecting ‘bad times’.

Time to buy a major household item

  • In addition now 34% (up 4ppts) of Australians say now is a ‘good time to buy’ major household items, while 40% (up 1ppt) of Australians say now is a ‘bad time to buy’.

The four-week moving average for ‘inflation expectations’ remained unchanged at 3.4%. The weekly reading decreased to 3.3% from 3.5%.

ANZ Head of Australian Economics, David Plank, commented:

Block Quote

“Confidence continued to gain last week, though the pace of increase eased. The recent gains have resulted in the index recovering some 70% of the fall seen in the last two weeks of March. The gain likely reflects the continued good news on the path of the pandemic in Australia and the associated progressive easing of restrictions. The challenge for the coming week will be how households react to what is expected to be dire news on the state of the labour market..”

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

For comments or more information please contact:
Roy Morgan - Enquiries
Office: +61 (03) 9224 5309
askroymorgan@roymorgan.com

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

Related Findings

Back to topBack To Top Arrow