ANZ has released its monthly consumer sentiment survey for December, carried out for them by Roy Morgan Research.
Briefly, this survey finally cracked triple figures in December, rising marginally from 99.8 to 100.2.
In a welcome sign for retailers, there was another sharp lift in the proportion of households thinking it’s a good time to buy a major household item.
Inflation expectations eased back 0.2%pts to 3.8%, where they’ve spent four of the past five months.
You can read the full survey results here.
Our chart allows you to compare it with the similar Westpac MM quarterly survey results.
Consumer confidence
Select chart tabs
12 Comments
I think late this year was probably the bottom for retail, but we're going to bounce along it for a while... I don't see much growth happening until October next year. That's the best case scenario. This has been the worst Christmas season I've seen in 17 years. Overall for the year around 12% down on PY, but 30% down on the highs of 2022. There's a lot of businesses only just holding on.
Maybe the tax bracket creep is completely justified as taxpayers are now consuming much more than they did?
(As a matter of fact - this is true.)
And maybe - there are some taxpayers that are not paying their fair share and their share of a fair tax system could have been used to finance tax cuts for those that actually need it?
(As a matter of fact - this is true too.)
And GST? Why is food so cheap in Australia? So ordinary people can eat well? Could it be because the rich aren't subsidized by starving the poor?
Food for thought, ay?
JJ: "Surely spending will increase as interest rates drop"
Made me chuckle. Such statements are made with the complete surety that household balance sheets are all hunky-dory.
Are they JJ?
Methinks you need to get out more. (Much like the RBNZ's four members of the MPC.)
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.