ANZ-Roy Morgan Consumer Confidence increases 0.5pts to 108.0 in the leadup to Christmas but falls 6.2pts in NSW
ANZ-Roy Morgan Consumer Confidence increased 0.5pts to 108.0 on the second weekend of December. Consumer Confidence is in line with the 2021 weekly average of 108.1 and now 3.2pts below the same week a year ago, December 12/13, 2020 (111.2).
ANZ-Roy Morgan Consumer Confidence increased 0.5pts to 108.0 on the second weekend of December. Consumer Confidence is in line with the 2021 weekly average of 108.1 and now 3.2pts below the same week a year ago, December 12/13, 2020 (111.2).
Consumer Confidence this week was up in Queensland, WA, Tasmania and especially SA, but saw a big drop (-6.2pts) in NSW. In good news for retailers, this week’s small increase was driven by Australians becoming more confident about their buying intentions in the leadup to Christmas.
Current financial conditions
- Now 30% (up 1 ppt) of Australians say their families are ‘better off’ financially than this time last year compared to 29% (up 1ppt), that say their families are ‘worse off’ financially.
Future financial conditions
- 37% of Australians (down 2ppts) expect their family to be ‘better off’ financially this time next year, compared to 16% (down 1ppt) that expect to be ‘worse off’ financially.
Current economic conditions
- Now 18% (up 1ppt), of Australians expect ‘good times’ for the Australian economy over the next twelve months compared to 18% (unchanged), that expect ‘bad times’.
Future economic conditions
- In the longer term, under a fifth of Australians, 18% (down 1ppt), are expecting ‘good times’ for the economy over the next five years compared to 16% (down 1 ppt) expecting ‘bad times’.
Time to buy a major household item
- Buying intentions slightly increased this week, with 43% (up 2ppts) of Australians, saying now is a ‘good time to buy’ major household items while 27% (unchanged) say now is a ‘bad time to buy’.
ANZ Senior Economist, Adelaide Timbrell, commented:
Consumer confidence rose 0.5% last week ahead of the Queensland border reopening to NSW and Victoria (from Monday). Consumer confidence in Queensland rose by 5.2%. Confidence also rose in South Australia (8.8%) and Western Australia (4.1%), while it was virtually unchanged in Victoria (+0.1%). Meanwhile, a rise in new COVID cases in NSW on Saturday led to a decline in confidence of 5.5% in the state, which substantially offset the overall index. The drop in inflation expectations to 4.7% was consistent with a 4.5% decrease in national petrol prices over the past two weeks.
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
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 |
