ANZ-Roy Morgan Consumer Confidence increased 4.1pts to 87.5 in the week Australians voted in the Federal election
ANZ-Roy Morgan Consumer Confidence increased 4.1pts to 87.5 as Australians voted in last week’s Federal Election. It’s important to note that the vast majority of interviewing for Consumer Confidence was completed before the result of the Federal Election was known on Saturday night.
Consumer Confidence is 7 points above the same week a year ago, April 29 – May 5, 2024 (80.5) and 1.3pts above the 2025 weekly average of 86.2.
An analysis by State shows increases around Australia including in New South Wales, Victoria, Queensland and South Australia, but a slight decrease in Western Australia.
A look across the index shows the driver of the weekly increase was more positive views about personal finances as well as the performance of the Australian economy over the long-term.
Current financial conditions
- Almost a fifth of Australians, 19% (up 4ppts), say their families are ‘better off’ financially than this time last year compared to 42% (down 5ppts) that say their families are ‘worse off’ (the lowest figure for this indicator for over two years since September 2022).
Future financial conditions
- Net views on personal finances over the next year improved as concern about the next 12 months fell with 28% (up 2ppts) of respondents, expecting their family will be ‘better off’ financially this time next year while 27% (down 3ppts) expect to be ‘worse off’.
Short-term economic confidence
- Views on the economy over the next year were virtually unchanged this week with one-in-ten Australians, 10% (unchanged) expecting ‘good times’ for the Australian economy over the next twelve months compared to 27% (down 2ppts), that expect ‘bad times’.
Medium-term economic confidence
- Net sentiment regarding the Australian economy in the longer-term improved this week with 13% (up 2ppts) of Australians expecting ‘good times’ for the economy over the next five years compared to under a fifth, 19% (down 4ppts), expecting ‘bad times’.
Time to buy a major household item
- Net buying intentions declined slightly this week with 20% (down 2ppts) of Australians saying now is a ‘good time to buy’ major household items compared to 38% (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 4.1pts last week to 87.5pts. Households are feeling more confident in their personal finances and economic conditions, which may reflect the improvement in market sentiment. Solid US personal spending data in Q1 has helped global sentiment, and market reactions to global uncertainty have eased overall a month after US tariff announcements.
The decline in weekly inflation expectations follows last week’s inflation print, which showed that, on an annual basis, Australia’s trimmed mean inflation (the RBA’s preferred measure of core inflation) eased to its lowest level since Q4 2021. Given moderating inflation over the past two quarters and the downside risks to domestic growth from trade uncertainty, we expect the RBA to cut the cash rate by 25bp at its May 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 |
