ANZ-Roy Morgan Consumer Confidence down 1.2pts to 74.7 driven by more people concerned about the economy over the next year
ANZ-Roy Morgan Consumer Confidence dropped 1.2pts to 74.7 in the first week of July. Consumer Confidence is 13.9pts lower than a year ago, June 29 – July 5, 2025 (88.6), and now 3.2pts above the 2026 weekly average of 71.5.
An analysis by State shows Consumer Confidence increased marginally in Victoria, Queensland, and South Australia, but fell more significantly in New South Wales, and Western Australia.
Driving Consumer Confidence lower this week was more people expecting ‘bad times’ for the Australian economy over the next year.
Now 15% (down 2ppts) of Australians say their families are ‘better off’ financially than this time last year compared to a majority of 51% (down 1ppt) that say their families are ‘worse off’.
Views on personal finances over the next year deteriorated this week with 22% (down 2ppts) of respondents expecting their family will be ‘better off’ financially this time next year, while 40% (up 1 ppt), expect to be ‘worse off’.
Net sentiment regarding the economy over the next year also deteriorated this week with 7% (up 1ppt) of Australians, expecting ‘good times’ compared to 40% (up 5ppts), that expect ‘bad times’.
Net views regarding the Australian economy over the next five years were virtually unchanged this week with 9% (up 1ppt) of Australians expecting ‘good times’ for the economy over the next five years compared to over a quarter, 26% (up 1ppt), expecting ‘bad times’.
Net buying intentions were virtually unchanged this week with just 19% (unchanged) of respondents saying now is a ‘good time to buy’ major household items compared to 42% (down 1ppt) that say now is a ‘bad time to buy major household items’.
ANZ Economist, Sophia Angala, commented:
“ANZ-Roy Morgan Australian Consumer Confidence declined 1.2pts to 74.7pts last week, as confidence in the financial and economic outlook weakened. The ‘time to buy a major household item’ subindex was the only subindex to improve last week, likely supported by end-of-financial-year sales during the survey period.
The decline in confidence coincided with the release of the RBA’s June Monetary Policy Board meeting minutes, which reinforced the Board’s hawkish stance and the risk of a further rate hike. The Board also noted that economic activity was slowing “as expected”.
Consumer confidence remains well below its long-run average, pointing to softness in consumer demand over the near term. We expect annual household consumption growth to ease from 2.5% in 2025 to 1.1% in 2026.”
Check out the latest results for our weekly surveys on Business Confidence, Consumer Confidence, and Voting Intention as follows:
Roy Morgan Business Confidence Statistics
ANZ – Roy Morgan Consumer Confidence Statistics
Federal Voting – Government Confidence Rating
Related Research Reports
The latest Roy Morgan Consumer Confidence Monthly Report is available on the Roy Morgan Online Store. It provides demographic breakdowns for Age, Sex, State, Region (Capital Cities/ Country), Generations, Lifecycle, Socio-Economic Scale, Work Status, Occupation, Home Ownership, Voting Intention, Roy Morgan Value Segments and more
Consumer Confidence – Monthly Detailed Report in Australia.
Business Confidence – Monthly Detailed Report in Australia.
Consumer Banking Satisfaction - Monthly Report in Australia.
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Margin of Error
The margin of error to be allowed for in any estimate depends mainly on the number of interviews on which it is based. Margin of error gives indications of the likely range within which estimates would be 95% likely to fall, expressed as the number of percentage points above or below the actual estimate. Allowance for design effects (such as stratification and weighting) should be made as appropriate.
| Sample Size | Percentage Estimate |
| 40% – 60% | 25% or 75% | 10% or 90% | 5% or 95% | |
| 1,000 | ±3.0 | ±2.7 | ±1.9 | ±1.3 |
| 5,000 | ±1.4 | ±1.2 | ±0.8 | ±0.6 |
| 7,500 | ±1.1 | ±1.0 | ±0.7 | ±0.5 |
| 10,000 | ±1.0 | ±0.9 | ±0.6 | ±0.4 |
| 20,000 | ±0.7 | ±0.6 | ±0.4 | ±0.3 |
| 50,000 | ±0.4 | ±0.4 | ±0.3 | ±0.2 |
