ANZ-Roy Morgan Consumer Confidence virtually unchanged for a third straight week at 86.7 in late July
ANZ-Roy Morgan Consumer Confidence was virtually unchanged for a third straight week at 86.7 this week. Consumer Confidence is 3.6 points above the same week a year ago, July 22-28, 2024 (83.1) and in line with the 2025 weekly average of 86.5.
An analysis by State shows mixed results with Consumer Confidence up in Victoria and Queensland, but down slightly in New South Wales, Western Australia and South Australia.
A fifth of Australians, 20% (unchanged), say their families are ‘better off’ financially than this time last year compared to 44% (down 1ppt) that say their families are ‘worse off’.
Net views on personal finances over the next year were down slightly for a second straight week with 26% (unchanged) of respondents expecting their family will be ‘better off’ financially this time next year, while 34% (up 3ppts) expect to be ‘worse off’.
Net sentiment regarding the economy over the next year was virtually unchanged this week with just 12% (up 1ppt) of Australians, expecting ‘good times’ for the Australian economy over the next twelve months compared to over a quarter, 28% (unchanged), that expect ‘bad times’.
In addition, views regarding the Australian economy in the longer-term were also unchanged this week with 13% (unchanged) of Australians expecting ‘good times’ for the economy over the next five years compared to nearly a quarter, 23% (unchanged), expecting ‘bad times’.
Net buying intentions were the bright spot this week, improving slightly from a week ago with a quarter of respondents, 25% (up 1ppt) saying now is a ‘good time to buy’ major household items compared to 33% (down 2ppts) that say now is a ‘bad time to buy major household items’.
ANZ Economist, Sophia Angala, commented:
ANZ-Roy Morgan Australian Consumer Confidence rose 0.4pts to 86.7pts. Looking globally, an array of trade deals reached by the US and other trading partners over the past week may have driven some increased optimism about the economy.
Despite the weekly lift, upward momentum in consumer confidence has stalled. The four-week moving average of consumer confidence has moved within a tight range of 85–88pts since October 2024. Recent trade policy uncertainty and the RBA’s surprise decision to hold the cash rate in July have kept confidence from rising, despite rising average incomes. We expect the RBA to cut the cash rate in August and November. Along with further rises in incomes, this should support consumer confidence later in the year.
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 |
