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According to the company, the weekly Roy Morgan Consumer Confidence Rating rose 7.2pts to 104.5 and is now 7.4 points higher than a year ago (May 2008, 97.1). They have found that driving the rise in the weekly Roy Morgan Consumer Confidence Rating is an increase in confidence amongst Australians.
Gary Morgan said, "The weekly Roy Morgan Consumer Confidence Rating (up 7.2pts to 104.5) has rebounded strongly after recent falls. The rise is because of a turnaround in Australians' expectations about the next 12 months."
The article says that 38% (up 5%) of Australians expect their family to be ‘better off financially' this time next year compared to 17% (down 5%) of Australians that expect their family to be ‘worse off financially.' In addition, 19% (up 7%) said that they will have ‘good times' financially over the next 12 months compared to 46% (down 12%) of Australians that said that they will have ‘bad times' financially.
