Survey: Australian consumer sentiment during the coronavirus crisis

As containment measures have been lifted, Australian consumers’ optimism has returned to April levels, though spending intent is still negative.

In Australia, pessimism about economic recovery has increased since the last pulse and remains relatively high compared to the onset of COVID-19. As the economy opened up, Australian households felt better financially and increased their spending in the past two weeks. However, the spending intent is still negative except for the grocery category. Digital and omnichannel adoption continues in most of the categories. This shift is likely to stay post-crisis, with more consumers shopping online and adopting many digital replacements for everyday activities. The resurgence of the coronavirus and resulting lockdowns in Melbourne, Victoria, are continuing to cause increased nervousness.

These exhibits are based on survey data collected in Australia from Sep 4–7, 2020. Check back for regular updates on Australian consumer sentiments, behaviors, income, spending, and expectations.

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