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ANZ-Roy Morgan Consumer Confidence lifts 1.4pts to 107.4 as vaccination rates rise and restrictions continue to ease
November 23 2021
- Finding No.
Consumer Confidence Press Release
This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,523 online and telephone interviews conducted Australia-wide with men and women aged 14 and over the weekend November 20/21, 2021.
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.
Current financial conditions
Future financial conditions
- 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.
Current economic conditions
- 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’.
Future economic conditions
- In the longer term, a fifth of Australians, 20% (up 2ppts), are expecting ‘good times’ for the economy over the next five years compared to 15% (down 4ppts) expecting ‘bad times’.
Time to buy a major household item
- Buying intentions remain stable this week with 39% (unchanged) of Australians, saying now is a ‘good time to buy’ major household items while 28% (down 2ppts) say now is a ‘bad time to buy’.
ANZ Head of Australian Economics, David Plank, commented:
"Consumer confidence rose 1.3% last week as the nation inched closer to normalcy, with Victoria easing all COVID restrictions for the fully vaccinated. Close to 85% of those aged 16 and above across Australia had been fully vaccinated by last week. Confidence increased 4.9% in Victoria,2.0% in Western Australia and 1.7% in Queensland, while it dropped -1.1% in New South Wales and -0.5% in South Australia. Inflation expectations decreased 0.4ppt to 4.6% last week despite petrol prices hovering around record highs. This indicator can be volatile from week-to-week, so we are cautious about overreacting to one survey reading. If the fall in inflation expectations is sustained, however, it may be an important signal for wages growth."
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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