ANZ-Roy Morgan Consumer Confidence increases 1.5pts to 107.5 as vaccination rates continue to rise
ANZ-Roy Morgan Consumer Confidence increased 1.5pts to 107.5 on the first weekend of December. Consumer Confidence is below the 2021 weekly average of 108.1 and now 1.5pts below the same week a year ago, December 7/8, 2020 (109.0).
ANZ-Roy Morgan Consumer Confidence increased 1.5pts to 107.5 on the first weekend of December. Consumer Confidence is below the 2021 weekly average of 108.1 and now 1.5pts below the same week a year ago, December 7/8, 2020 (109.0).
Consumer Confidence this week was up in NSW, Queensland and WA, but saw small reductions in Victoria, SA and Tasmania. This week’s small increase was driven by Australians becoming more confident about their personal financial situations.
Current financial conditions
- Now 29% (up 2 ppts) of Australians say their families are ‘better off’ financially than this time last year compared to 28% (down 1ppt), that say their families are ‘worse off’ financially.
Future financial conditions
- 39% of Australians (up 2ppts) expect their family to be ‘better off’ financially this time next year, compared to 17% (unchanged) that expect to be ‘worse off’ financially.
Current economic conditions
- Now 17% (down 1ppt), of Australians expect ‘good times’ for the Australian economy over the next twelve months compared to 18% (down 2ppts), that expect ‘bad times’.
Future economic conditions
- In the longer term, under a fifth of Australians, 19% (up 3ppts), are expecting ‘good times’ for the economy over the next five years compared to 17% (down 1ppt) expecting ‘bad times’.
Time to buy a major household item
- Buying intentions slightly decreased this week, with 41% (down 1ppt) of Australians, saying now is a ‘good time to buy’ major household items while 27% (up 1ppt) say now is a ‘bad time to buy’.
ANZ Head of Australian Economics, David Plank, commented:
“Consumer confidence rose 1.4% last week even as ‘weekly inflation expectations’ rose a touch to 4.9%. Consumers are positive about the outlook despite the news about the Omicron variant. Among the major cities confidence increased by 5.0% in Sydney, 1.0% in Brisbane and 1.4% in Perth, while it dropped in Melbourne (-1.2%) and Adelaide (-0.5%). The sustained jump in inflation expectations doesn’t seem to have had a major impact on sentiment, unlike what is occurring elsewhere such as in the US.”
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 |
