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ANZ-Roy Morgan Australian Consumer Confidence moderates after recent strength down 1.4pts to 115.0
November 27 2017
- Finding No.
Consumer Confidence Press Release Special Poll
This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,033 face-to-face interviews conducted Australia-wide with men and women aged 14 and over the weekend November 25/26, 2017.
ANZ-Roy Morgan Australian Consumer Confidence eased 1.2% this week to 115.0. Confidence remains above its long term average of 112.9. Three out of five sub-indices posted falls, including both current and future economic conditions.
ANZ’s Head of Australian Economics, David Plank, commented:
- Households’ views towards both current and future economic conditions slipped 3.4% and 3.3% respectively last week, after two weeks of solid gains. Views towards current economic conditions remain above their long term average.
- Household views toward the state of their current finances slipped for the fourth consecutive week (-2.3%). Even so, current conditions remain above their long term average. Encouragingly, their views towards future conditions rose 1.6% last week, following a 3.0% rise previously.
- Sentiment around the ‘time to buy a household item’ improved 0.5%, bringing this sub-index back to its long term average (133.8).
“Despite last week’s fall, sentiment towards economic conditions has improved considerably since its low point in early September. Views around current conditions remain above their long-term average and overall economic conditions are at their highest point since February.
"This improvement is consistent with the results of our ANZ Stateometer, out last week, which showed a continued convergence across states towards accelerating performance, driven primarily by ongoing labour market strength. Additionally, leading indicators suggest scope for further improvement (at a more moderate pace) in labour market conditions, which will support confidence over the coming months.
"The recovery in sentiment around the ‘time to buy a household item’ index is also encouraging. A sustained improvement will likely bode well for holiday season sales.”
Click here to view the PDF of the latest ANZ-Roy Morgan Weekly Consumer Confidence Release.
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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.
You can also view our monitor of Monthly Australian Unemployment & Under-employment Estimates.
The week that was November 20-26, 2017
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A national agreement on energy is still several months away, but the Federal Government has managed to fend off an attempt by some Labor states to derail the National Energy Guarantee
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Call to ban sex between uni faculty members and students
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