ANZ-Roy Morgan Consumer Confidence drops 4.4 points to 71.2 – lowest rating since mid-June
ANZ-Roy Morgan Consumer Confidence dropped 4.4 points to 71.2 in late July, its lowest rating since mid-June. Consumer Confidence is 15.5pts lower than a year ago, July 21-27, 2025 (86.7), and now 0.6pts below the 2026 weekly average of 71.8.
An analysis by State shows Consumer Confidence falling in all five mainland States including New South Wales, Victoria, Queensland, Western Australia, and South Australia.
Driving Consumer Confidence lower this week was less confidence across all five indicators, and especially current buying conditions, and views on personal finances and the performance of the Australian economy over the next year.
Now 16% (down 1ppt) of Australians say their families are ‘better off’ financially than this time last year compared to a rising majority of 52% (up 1ppt) that say their families are ‘worse off’.
Views on personal finances over the next year deteriorated significantly this week with 20% (down 2ppts) of respondents expecting their family will be ‘better off’ financially this time next year, while 43% (up 4ppts), expect to be ‘worse off’.
Net sentiment regarding the economy over the next year declined this week with 6% (down 1ppt) of Australians, expecting ‘good times’ compared to 41% (up 2ppts), that expect ‘bad times’.
Net views regarding the Australian economy over the next five years deteriorated this week with just 7% (down 1ppt) of Australians expecting ‘good times’ for the economy over the next five years compared to almost a third, 30% (up 3ppts), expecting ‘bad times’.
Net buying intentions also deteriorated this week with 17% (down 3ppts) of respondents saying now is a ‘good time to buy’ major household items compared to 44% (up 4ppts) that say now is a ‘bad time to buy major household items’.
ANZ Economist, Sophia Angala, commented:
“ANZ-Roy Morgan Australian Consumer Confidence fell 4.4pts to 71.2pts last week, its lowest level since mid-June, with all subindices declining. The recent escalation of conflict in the Middle East, renewed inflation risks and a gradual easing in labour market conditions in June may all have weighed on confidence.
Weekly inflation expectations ticked up to their highest level since mid-June, ahead of the Q2 CPI release due Wednesday 29 July. We forecast trimmed mean (underlying) inflation to rise 3.7% y/y, a touch below the RBA’s forecast of 3.8% y/y. Lower-than-expected inflation and the broader slowing of activity should see the RBA cash rate remain at 4.35% at the August meeting. However, a hike cannot be ruled out, either in August or November.”
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.
For comments or more information please contact:
Roy Morgan - Enquiries
Office: +61 (03) 9224 5309
askroymorgan@roymorgan.com
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 |
