ANZ-Roy Morgan Consumer Confidence virtually unchanged at 67.9 in late October; fourth straight week below 70
ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 67.9 in late October, a fourth straight week below 70. Consumer Confidence is a large 17.9pts lower than a year ago, October 20-26, 2025 (85.8), and just 4pts below the 2026 weekly average of 71.9.
An analysis by State shows confidence increasing slightly in New South Wales, Queensland, Western Australia, and South Australia, but slightly decreasing in Victoria.
Consumer Confidence was virtually unchanged this week with a small improvement in views about personal finances offset by a similar sized decline in general buying sentiment.
Just under one-in-six, 16% (up 1ppt), of Australians say their families are ‘better off’ financially than this time last year compared to a majority of 52% (down 4ppts) that say their families are ‘worse off’.
Views on personal finances over the next year were virtually unchanged this week with just under one-in-five, 19% (down 1ppt) of respondents expecting their family will be ‘better off’ financially this time next year, while 42% (down 2ppts), expect to be ‘worse off’.
Net sentiment regarding the economy over the next year was little changed this week with only 5% (unchanged) of Australians, expecting ‘good times’ compared to 47% (down 2ppts), expecting ‘bad times’.
Australians’ views about the economy’s performance over the longer-term of the next five years was virtually unchanged this week with 7% (up 1ppt) of Australians expecting ‘good times’ for the economy over the next five years compared to a third, 33% (up 1ppt), expecting ‘bad times’.
However, net buying intentions worsened this week with just 14% (down 3ppts) of respondents saying now is a ‘good time to buy’ major household items compared to an increasing plurality of 48% (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 was broadly steady last week but the series remains historically weak. While household’s financial and economic confidence improved in the week, the ‘time to buy a major household item’ subindex recorded the largest fall across the subindices.
“On a four-week moving average basis, weekly inflation expectations lifted to their highest level since May. This comes as the RBA appears to be seeing some movement in inflation expectations, with Deputy Governor Hauser noting, in a fireside chat last week, that “[w]e can’t allow expectations to shift away from the target”. Q3 CPI data are due Wednesday 28 October, and we expect trimmed mean (underlying) inflation to print at 1.0% q/q. This is likely to see the RBA increase the cash rate to 4.85% 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 |
