ANZ-Roy Morgan Consumer Confidence virtually unchanged at 67.7 in mid-October
ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 67.7 in mid-October. Consumer Confidence is a large 16.3pts lower than a year ago, October 13-19, 2025 (84), and 4.3pts below the 2026 weekly average of 72.0.
An analysis by State shows confidence decreasing in the two largest States of New South Wales, and Victoria, as well as in South Australia, but slightly increasing in both Queensland, and Western Australia.
Consumer Confidence was virtually unchanged this week with improvements in general buying sentiment offset by less confidence about the performance of the Australian economy going forward.
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 56% (up 1ppt) that say their families are ‘worse off’.
Views on personal finances over the next year were virtually unchanged this week with one-in-five, 20% (up 1ppt) of respondents expecting their family will be ‘better off’ financially this time next year, while 44% (up 2ppts), expect to be ‘worse off’.
Net sentiment regarding the economy over the next year was worsened this week with only 5% (unchanged) of Australians, expecting ‘good times’ compared to 49% (up 4ppts), expecting ‘bad times’.
Australians’ views about the economy’s performance over the longer-term of the next five years softened slightly with 6% (down 2ppts) of Australians expecting ‘good times’ for the economy over the next five years compared to almost a third, 32% (unchanged), expecting ‘bad times’.
In a bright spot, net buying intentions improved this week with 17% (up 3ppts) of respondents saying now is a ‘good time to buy’ major household items compared to a plurality of 44% (down 3ppts) that say now is a ‘bad time to buy major household items’.
ANZ Economist, Sophia Angala, commented:
“ANZ-Roy Morgan Australian Consumer Confidence was broadly unchanged last week but remained historically low, recording its twelfth-lowest result since the series began in 1973. Confidence in economic conditions declined, which may reflect the easing in labour market conditions shown in last week’s labour force data, with the unemployment rate rising in September to its highest level since 2021. In contrast, the ‘time to buy a major household item’ was the only subindex to record a rise last week, potentially reflecting households bringing forward purchases amid elevated inflation expectations.
“Overall, persistently weak confidence suggests household spending growth is likely to remain subdued over the near term. Alongside this, the RBA Monetary Policy Board’s September meeting minutes reaffirmed its concerns about upside risks to inflation, and we continue to expect the RBA to hike the cash rate by 25bp at its November meeting.
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 |
