This week’s Roy Morgan Consumer Confidence Rating discusses the topic of ‘Consumer Confidence Public Opinion’. The report is based on 1,301 face to face interviews conducted Australia-wide with men and women aged 14 and over last weekend (October 5-6, 2013).
The report is aimed at taking a snapshot of the levels of consumer confidence within Australia. The report revealed consumer confidence has received a substantial increase following the Federal Election – reaching its highest point of 124.1. This figure dropped after the new Coalition Government was sworn in. The figure remained steady at 119.8 (down 0.4%) after the RBA left Australian interest rates unchanged at 2.5%.
The report also highlights that Australians are relatively more confident about their personal finances compared to this time last year and 51% of these people say now is a good time to purchase large household items. 32% of Australians say that they are in a better financial position, with only 24% (down 1%) saying they are worse off financially that this time last year.
With a new political party elected back in September, 34% of Australians predict good times for the country’s economy; compared to 19% who feel there are worse economic times to come.
Roy Morgan Consumer Confidence Rating, October 8th 2013, Finding Number: 5235, Topic: Consumer Confidence Public Opinion
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