ANZ-Roy Morgan Consumer Confidence up 3.9pts to 90.6 – first rating above 90 for over three years since May 2022
ANZ-Roy Morgan Consumer Confidence increased 3.9pts to 90.6 this week – the first time the important consumer indicator has been above 90 for over three years since May 2022. Consumer Confidence is now 9.3 points above the same week a year ago, July 29 – August 4, 2024 (81.3) and 3.9pts above the 2025 weekly average of 86.7.
An analysis by State shows increases across the board with all five mainland States up this week, led by Victoria, Queensland and Western Australia – all at 90 or above.
Driving Consumer Confidence higher this week was more confidence in regards to personal financial situations, both compared to a year ago and looking ahead for the next 12 months.
Over a fifth of Australians, 22% (up 2ppts), say their families are ‘better off’ financially than this time last year compared to 40% (down 4ppts) that say their families are ‘worse off’ (the lowest this figure has been for over three years since May 2022).
The biggest improvement was for net views on personal finances over the next year with 28% (up 2ppts) of respondents expecting their family will be ‘better off’ financially this time next year, while 28% (down 6ppts) expect to be ‘worse off’.
Net sentiment regarding the economy over the next year was virtually unchanged this week with just 12% (unchanged) of Australians, expecting ‘good times’ for the Australian economy over the next twelve months compared to over a quarter, 27% (down 1ppt), that expect ‘bad times’.
Net views regarding the Australian economy in the longer-term were slightly improved this week with 14% (up 1ppt) of Australians expecting ‘good times’ for the economy over the next five years compared to under a quarter, 22% (down 1ppt), expecting ‘bad times’.
Net buying intentions improved marginally this week with over a quarter of respondents, 26% (up 1ppt) saying now is a ‘good time to buy’ major household items compared to 32% (down 1ppt) that say now is a ‘bad time to buy major household items’.
ANZ Economist, Sophia Angala, commented:
For the first time since May 2022, ANZ-Roy Morgan Australian Consumer Confidence is above 90pts. The series rose 3.9pts last week to 90.6pts, supported by a lift across all the subindices. Confidence in future household finances rose sharply after CPI data last week showed an easing in underlying inflation and raised the likelihood of an RBA rate cut in August. We expect the RBA to cut the cash rate by 25bp at its August meeting.
Despite the data suggesting a sustainable return of inflation to the midpoint of the RBA’s 2–3% target band, ‘Weekly inflation expectations’ rose last week. The US administration’s announcement of modified reciprocal tariffs over the weekend of the survey period may have driven the move up, but on a four-week moving average basis inflation expectations have largely moved sideways over the past 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.
For comments or more information please contact:
Roy Morgan - Enquiries
Office: +61 (03) 9224 5309
askroymorgan@roymorgan.com
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 |
