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ANZ-Roy Morgan Consumer Confidence down 4.4pts to 107.8 after multiple major Australian cities placed into lockdown
July 06 2021
- Finding No.
Consumer Confidence Press Release
This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,510 online and telephone interviews conducted Australia-wide with men and women aged 14 and over the weekend July 3/4, 2021.
ANZ-Roy Morgan Consumer Confidence decreased a further 4.4pts to 107.8 this week after multiple Australian cities were concurrently placed under lockdown. Consumer Confidence plunged in Sydney (down 10pts) and Brisbane (down 8.7pts) and is now sitting below the 2021 weekly average of 111.2, however remains 15.7 points higher than the same week a year ago, July 4/5, 2020 (92.1).
There were falls across all five indexes this week with the largest falls concerning Australia’s economic prospects over the next year and next five years.
Current financial conditions
- Currently, 27% (down 1ppt) of Australians say their families are ‘better off’ financially than this time last year and 27% (up 2ppts), say their families are ‘worse off’ financially.
Future financial conditions
Current economic conditions
- Only around a sixth of Australians, 16% (down 3ppts), expect ‘good times’ for the Australian economy over the next twelve months while 19% (up 4ppts), expect ‘bad times’.
Future economic conditions
In the longer term, just under a fifth of Australians, 19% (down 2ppts), are expecting ‘good times’ for the economy over the next five years compared to 16% (up 3ppts) expecting ‘bad times’.
Time to buy a major household item
- A decreasing number of Australians, 41% (down 4ppts), say now is a ‘good time to buy’ major household items while 24% (unchanged) say now is a ‘bad time to buy’.
ANZ Head of Australian Economics, David Plank, commented:
"Consumer confidence dropped 3.9% over the past week to its lowest level since the first week of April. The fall came as lockdowns and restrictions broadened across a number of states to control the spread of the more infectious Delta variant of the pandemic. The drop in sentiment wasn’t confined to those areas directly impacted by restrictions. For instance, while it fell by 8.9% in Sydney it also declined by 1.6% in the rest of NSW. Confidence fell in most other cities as well: Brisbane (-7.7%), Melbourne (-2.7%) and Adelaide (-6.5%). With the lockdowns in Brisbane and Perth coming to an end, we can expect confidence, and consumer spending, to rebound reasonably quickly given past experience, but much will depend on whether restrictions in Sydney are able to be eased."
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.
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