ANZ-Roy Morgan Consumer Confidence Rises

ANZ-Roy Morgan Consumer Confidence was up 1.4pts to 107.4 on the second weekend of November. Consumer Confidence is below the 2021 weekly average of 108.2. However, Consumer Confidence is now 2.9 points higher than the same week a year ago, November 21/22, 2020 (104.5).

Consumer Confidence this week was up in Victoria, Queensland and WA, while falling slightly in NSW and SA. This week’s small increase was driven by Australians becoming more confident about the prospects for the economy over the next five years.

Now 29% (unchanged) of Australians say their families are ‘better off’ financially than this time last year compared to 26% (down 2ppts), that say their families are ‘worse off’ financially.

A decreasing plurality of 37% (down 1ppt) of Australians expect their family to be ‘better off’ financially this time next year, compared to 17% (unchanged) that expect to be ‘worse off’ financially.

Now 18% (down 2ppts), of Australians expect ‘good times’ for the Australian economy over the next twelve months compared to by 20% (unchanged), that expect ‘bad times’.