From Roy Morgan:
The weekly Morgan Consumer Confidence Rating shows Consumer Confidence falling to 119.9pts (down 4.1pts since January 12/13, 2013). Consumer Confidence is now 2.6pts higher than at the same time a year ago, January 21/22, 2012 — 117.3.
The fall in Consumer Confidence has been driven by a decrease in confidence in all components of the survey except respondents’ confidence regarding their personal finances compared to this time last year with 32% (unchanged) of Australians saying their family is ‘better off’ financially compared to a year ago while 25% (down 3% - the lowest since October 23/24, 2010) say their family is ‘worse off’ financially.
A smaller majority of 59% (down 4%) of Australians say now is a ‘good time to buy’ major household items compared to just 15% (up 3%) that say now is a ‘bad time to buy’ major household items.
Now 36% (down 4%) of Australians expect ‘good times’ for the Australian economy over the next five years compared to 18% (up 2%) that expect Australia to have ‘bad times’ economically.
Australians are also less positive about their personal finances over the next 12 months with 41% (down 4%) saying they expect their family to be ‘better off’ financially while 14% (up 1%) expect to be ‘worse off’ financially.
Still a decent up-trend.