ANZ-Roy Morgan Consumer Confidence drops 3pts to 71.9 in early September, lowest rating since late July
ANZ-Roy Morgan Consumer Confidence dropped 3pts to 71.9 in early September, a second straight weekly fall after the ABS announced higher-than-expected official inflation for July. Consumer Confidence is a large 17.4pts lower than a year ago, September 1-7, 2025 (89.3), and 0.5pts below the 2026 weekly average of 72.4.
An analysis by State shows confidence decreasing in New South Wales, Victoria, and Western Australia for a second straight week, down in Queensland, but up slightly in South Australia.
Consumer Confidence was driven lower this week due to increasing concern about people’s personal finances following the higher-than-expected ABS inflation reading for July of 3.5% which means further interest rate increases are likely.
Now 14% (down 4ppst) of Australians say their families are ‘better off’ financially than this time last year compared to 54% (up 4ppts) that say their families are ‘worse off’.
Views on personal finances over the next year were slightly weaker this week with 22% (down 1ppt) of respondents expecting their family will be ‘better off’ financially this time next year, while 41% (up 1ppt), expect to be ‘worse off’.
Net sentiment regarding the economy over the next year was virtually unchanged with 5% (down 2ppts) of Australians, expecting ‘good times’ compared to 39% (down 1ppt), that expect ‘bad times’.
Australians’ views about the economy’s performance over the longer-term of the next five years is virtually unchanged with just 7% (down 1ppt) of Australians expecting ‘good times’ for the economy over the next five years compared to well over a quarter, 29% (unchanged), expecting ‘bad times’.
Net buying intentions decreased this week with 16% (down 4ppts) of respondents saying now is a ‘good time to buy’ major household items compared to 41% (down 2ppts) that say now is a ‘bad time to buy major household items’.
ANZ Economist, Sophia Angala, commented:
“ANZ-Roy Morgan Australian Consumer Confidence fell 3.0pts to 71.9pts last week, its lowest level since late July. The prospect of another RBA rate hike in 2026 may have weighed on sentiment, with a sharp decline in households’ views of their current financial conditions driving the fall in confidence.
“Last week’s GDP data showed an economy growing slightly below potential, which may also have contributed to weaker economic confidence. Meanwhile, weekly inflation expectations rose to their highest level since early May (when negotiations between the US and Iran stalled) and remain elevated compared to the start of 2026.
“We continue to expect the RBA to increase the cash rate in November by 25bp.
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 |
