ANZ-Roy Morgan Consumer Confidence up 0.9pts to 68, small recovery after three weeks of falls
ANZ-Roy Morgan Consumer Confidence increased 0.9pts to 68 in mid-October – recovering slightly after falling by 6.8pts over the previous three weeks surrounding the Reserve Bank’s interest rate increase. Consumer Confidence is a large 15pts lower than a year ago, October 6-12, 2025 (83), and 4.1pts below the 2026 weekly average of 72.1.
An analysis by State shows confidence increasing in the two largest States of New South Wales, and Victoria, decreasing in Queensland, and Western Australia, and virtually unchanged in South Australia.
Consumer Confidence was driven slightly higher this week due to small improvements in confidence in relation to personal finances and the performance of the Australian economy.
Now just over one-in-seven, 15% (unchanged), of Australians say their families are ‘better off’ financially than this time last year compared to a majority of 55% (down 1ppt) that say their families are ‘worse off’.
Views on personal finances over the next year improved slightly this week with under one-in-five, 19% (down 1ppt) of respondents expecting their family will be ‘better off’ financially this time next year, while 42% (down 3ppts), expect to be ‘worse off’.
Net sentiment regarding the economy over the next year was virtually unchanged with only 5% (unchanged) of Australians, expecting ‘good times’ compared to 45% (down 1ppt), expecting ‘bad times’.
Australians’ views about the economy’s performance over the longer-term of the next five years is virtually unchanged with 8% (up 1ppt) of Australians expecting ‘good times’ for the economy over the next five years compared to almost a third, 32% (unchanged), expecting ‘bad times’. Net buying intentions were unchanged this week with just 14% (unchanged) of respondents saying now is a ‘good time to buy’ major household items compared to an increasing plurality of 47% (unchanged) that say now is a ‘bad time to buy major household items’.
ANZ Economist, Sophia Angala, commented:
“ANZ-Roy Morgan Australian Consumer Confidence rose 0.9pts last week, partially reversing the prior week’s decline following the RBA’s decision to increase the cash rate to 4.60% in September. Confidence improved across all five subindices, led by gains in personal financial conditions. Despite the small rise, confidence remains well below its long-run average. This suggests higher rates and inflation continue to weigh on households and are likely to slow consumer demand over the near term.
“Weekly inflation expectations remain elevated compared to the beginning of the year. Today’s release of the minutes from the RBA Monetary Policy Board’s September meeting will provide a clearer indication of how the RBA is assessing the balance between slower activity and persistently elevated inflation pressures. We continue to think another 25bp increase in the cash rate in November is more likely than not, as we expect Q3 trimmed mean (underlying) inflation to exceed the RBA’s forecasts.”
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 |
