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Survey: Australian consumer sentiment during the coronavirus crisis

Optimism remains muted for the Australian consumer, as spending across almost all categories is still low.

In Australia, the prevailing sentiment remains uncertainty about economic recovery. With the economy opening up, Australian households are doing better financially, but they are still cautious with spending. More than half of Australians have tried a new shopping behavior during the crisis, including experimenting with different brands and places to shop. These moves are primarily driven by availability and value, but also factors such as supporting local businesses. Australians are cautious of being in public places, and especially about using public transport, and favor individual transportation methods. Most remain wary of engaging in out-of-home activities and are looking for medical authorities to deem it safe and businesses to implement certain practices, in addition to the government lifting restrictions.

These exhibits are based on survey data collected in Australia from June 19–21, 2020. Check back for regular updates on Australian consumer sentiments, behaviors, income, spending, and expectations.

About the author(s)

Jenny Child is a partner in the Syndey office, where Thomas Rüdiger Smith is an associate partner and Joseph Tesvic is a senior partner.

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