From Roy Morgan today:
Consumer Confidence is at 108.3pts (up 0.1pts in a week) according to the Roy Morgan Consumer Confidence Rating conducted last weekend (May 26/27, 2012). Consumer Confidence is now 4.4pts lower than a year ago May 28/29, 2011 (112.7).
Australians have gained a little confidence over the past week about their personal finances over the next 12 months with 36% (up 1%) saying they expect their family to be ‘better off’ financially while 24% (down 1%) expect to be ‘worse off’.
Now 28% (down 1%) of Australians say their family is ‘better off’ financially compared to a year ago while 34% (up 3%) say their family is ‘worse off’ financially.
An increasing majority of Australians 54% (up 1%) say now is a ‘good time to buy’ major household items while 20% of Australians (unchanged) say now is a ‘bad time to buy’ major household items.
An unchanged 32% of Australians expect Australia’s economy to have ‘good times’ economically over the next five years compared to 23% (down 1%) that expect ‘bad times’.
Australians confidence is unchanged about Australia’s economy over the next twelve months with 27% (down 1%) of Australians expecting ‘good times’ economically over the next twelve months compared to 35% (down 1%) that expect Australia to have ‘bad times’.