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at 10:00 am on April 21, 2021 | 1 comment
The weekly ANZ-Roy Morgan consumer confidence survey has been released, with confidence basically unchanged (-0.01 points) from last week and the strongest result since August 2019.
The consumer confidence index (114.0) is also up by 35.4% from the same period in 2020 and is running above the historical average of 112.6:
Consumer confidence is running at the highest level since August 2019.
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According to the head of ANZ Australian Economics, David Plank:
The strong labour market report released last week, with a drop of unemployment rate to 5.6% and underemployment below 8%, didn’t provide the boost to sentiment we might have expected. Confidence did, however, remain above its long-run average, and perhaps the good news on employment offset any fallout from the vaccine disappointment. The opening of the trans-Tasman travel bubble th
Country: Australia This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,490 online and telephone interviews conducted Australia-wide with men and women aged 14 and over the weekend April 17/18, 2021.
ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 114.0 this week, down only 0.1pts from last week. Consumer Confidence has remained well above the 2021 weekly average of 110.9 and is a huge 29.8pts higher than the same week a year ago, April 18/19, 2020 (84.2).
There were slight declines this week in people’s views of their personal finances but these were largely offset by improvements in perceptions of Australia’s economic performance.
Current financial conditions
Now 27% (down 4ppts) of Australians say their families are ‘better off’ financially than this time last year and 25% (unchanged), say their families are ‘worse off’ financially.
ANZ-Roy Morgan Consumer Confidence increased 6.4pts to 114.1 a week after the lockdown of Greater Brisbane ended and Australians enjoyed the four-day Easter long weekend. Consumer Confidence is now well above the 2021 weekly average of 110.6 and a huge 35.9pts higher than the same week a year ago, April 11/12, 2020 (78.2).
Roy Morgan Research Roy Morgan Business Confidence up 0.3pts to 120.8 in February â Majority of businesses say next 12 months is a âgood time to investâ
Country: Australia Source: Roy Morgan Business Single Source, Dec 2010-Feb 2021. Average monthly sample over the last 12 months = 1,306.
In February 2021 Roy Morgan Business Confidence increased 0.3pts (+0.2%) to 120.8. Business Confidence has now averaged 121.5 over the last three months, its highest three-month average since January – March 2014 (123.1). Business Confidence is now 7.3pts above the long-term average of 113.5.
The good news is that an increasing majority of 55.5% of businesses said the next 12 months is a ‘good time to invest in growing the business’ and even more, 60.6%, expect ‘good times’ for the Australian economy over the next