Roy Morgan Research
July 21, 2026

ANZ-Roy Morgan Consumer Confidence is virtually unchanged at 75.6 in mid-July

Topic: Consumer Confidence
Finding No: 10025

ANZ-Roy Morgan Consumer Confidence is virtually unchanged at 75.6 in mid- July. Consumer Confidence is 10.7pts lower than a year ago, July 14-19, 2025 (86.3), and now 3.8pts above the 2026 weekly average of 71.8.

An analysis by State shows Consumer Confidence driven up by a large increase in New South Wales, but was unchanged in Victoria, and down in Queensland, Western Australia, and South Australia.

Driving Consumer Confidence higher this week was more confidence about current buying conditions, offset by a slight decline in how people see their personal financial situations over the next year.

Now 17% (up 1ppt) of Australians say their families are ‘better off’ financially than this time last year compared to a majority of 51% (unchanged) 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 39% (unchanged), expect to be ‘worse off’.

Net sentiment regarding the economy over the next year was virtually unchanged this week with 7% (up 1ppt) of Australians, expecting ‘good times’ compared to 39% (up 2ppts), that expect ‘bad times’.

Net views regarding the Australian economy over the next five years were unchanged this week with 8% (unchanged) of Australians expecting ‘good times’ for the economy over the next five years compared to over a quarter, 27% (unchanged), expecting ‘bad times’.

Net buying intentions were improved this week with 20% (up 1ppt) of respondents saying now is a ‘good time to buy’ major household items compared to 40% (down 3ppts) that say now is a ‘bad time to buy major household items’.

ANZ Economist, Sophia Angala, commented:

Block Quote

“ANZ-Roy Morgan Australian Consumer Confidence rose just 0.3pts last week. A jump in the ‘time to buy a major household item’ subindex was largely offset by weaker confidence in personal finances and the economic outlook. The re-escalation of conflict in the Middle East last week likely weighed on confidence and partly contributed to the tick up in weekly inflation expectations.

“While our base case remains for the cash rate to stay at 4.35% until H2 2027, we do not rule out the risk of further inflationary pressures to push the RBA to increase the cash rate in November, assuming the Monetary Policy Board leaves the cash rate unchanged at its August meeting.”

Check out the latest results for our weekly surveys on Business Confidence, Consumer Confidence, and Voting Intention as follows:

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

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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
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