ANZ-Roy Morgan Consumer Confidence up 1.3pts to 86.7, driven by improving buying sentiment amid Mid-Winter Sales
ANZ-Roy Morgan Consumer Confidence increased 1.3pts to 86.7, rebounding from last week’s fall to return to the level of two weeks ago despite the continued conflict between Israel and Iran in the Middle East. Consumer Confidence is 6.3 points above the same week a year ago, June 17-23, 2024 (80.4) and now just above the 2025 weekly average of 86.4.
An analysis by State shows mixed results with Consumer Confidence up in Victoria and Queensland, unchanged in New South Wales and Western Australia, and unchanged in South Australia.
The main driver of this week’s increase was more confidence about buying conditions as the End of Financial Year Sales (EOFY Sales) continue through to the end of the month.
More than a fifth of Australians, 21% (up 1ppt), say their families are ‘better off’ financially than this time last year compared to 44% (up 1ppt) that say their families are ‘worse off’.
Net views on personal finances over the next year improved this week with 28% (up 1ppt) of respondents expecting their family will be ‘better off’ financially this time next year, while 32% (down 2ppts) expect to be ‘worse off’.
Views on the economy over the next year were unchanged this week with just 11% (unchanged) of Australians, expecting ‘good times’ for the Australian economy over the next twelve months compared to nearly a third, 30% (unchanged), that expect ‘bad times’.
Net sentiment regarding the Australian economy in the longer-term was virtually unchanged this week with 13% (up 1ppt) of Australians expecting ‘good times’ for the economy over the next five years compared to just over a quarter, 26% (up 1ppt), expecting ‘bad times’.
Net buying intentions drove this week’s increase with over a quarter of respondents, 26% (up 3ppts) of Australians saying now is a ‘good time to buy’ major household items compared to 33% (down 1ppt) that say now is a ‘bad time to buy major household items’ (the lowest figure for this indicator for over three years since April 2022).
ANZ Economist, Sophia Angala, commented:
ANZ-Roy Morgan Australian Consumer Confidence rose 1.3pts last week to 86.7pts, reversing last week’s decline. The ‘time to buy a major household item’ subindex reached its highest level since late April 2022, prior to the beginning of the RBA’s hiking cycle. This is likely supported by ongoing end-of-financial-year sales through June. Confidence in the economic outlook weakened, despite last week’s labour market data suggesting the labour market appears to be tracking better than what the RBA had expected in its May Statement on Monetary Policy.
We expect labour market resilience alongside robust household income growth to support a pick-up in ANZ-Roy Morgan Australian Consumer Confidence through this year, but ongoing trade and geopolitical uncertainty may soften its momentum.
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 |
