ANZ-Roy Morgan Consumer Confidence up 2pts to 88.0 in late August; driven by more positive views on buying conditions
ANZ-Roy Morgan Consumer Confidence increased 2pts to 88.0 this week. Consumer Confidence is now 4.9 points above the same week a year ago, August 26 – September 1, 2024 (83.1), but 1.2pts above the 2025 weekly average of 86.8.
An analysis by State shows mixed results with Consumer Confidence up in New South Wales and Western Australia, down in Victoria and South Australia and virtually unchanged in Queensland.
The main driver of this week’s increase in Consumer Confidence was the improvement in buying sentiment which improved by a net 7% points from a week ago – powering around three-quarters of the weekly increase in Consumer Confidence.
Just over a fifth of Australians, 23% (up 2ppts), say their families are ‘better off’ financially than this time last year compared to 43% (unchanged) that say their families are ‘worse off’.
Net views on personal finances over the next year were virtually unchanged with 26% (down 2ppts) of respondents expecting their family will be ‘better off’ financially this time next year, while 31% (down 2ppts) expect to be ‘worse off’.
Net sentiment regarding the economy over the next year improved this week with 14% (up 2ppts) of Australians, expecting ‘good times’ for the Australian economy over the next twelve months (the highest figure for this indicator for well over three years since February 2022) compared to more than a quarter, 29% (unchanged), that expect ‘bad times’.
Net views regarding the Australian economy in the longer-term were virtually unchanged this week with 13% (unchanged) of Australians expecting ‘good times’ for the economy over the next five years compared to over a quarter, 27% (up 1ppt), expecting ‘bad times’.
Net buying intentions improved to their highest in a month this week with over a quarter of respondents, 26% (up 4ppts) saying now is a ‘good time to buy’ major household items compared to 32% (down 3ppts) that say now is a ‘bad time to buy major household items’.
ANZ Economist, Sophia Angala, commented:
ANZ-Roy Morgan Australian Consumer Confidence has partly recovered some of the prior week’s decline, lifting 2.0pts to 88.0pts last week. The index remains below the three-year high reached in early August. There was a mixed performance across the subindices last week. The ‘time to buy a major household item’ subindex recorded the largest rise at 6.9pts, a recovery from the three-month low in the week prior.
Weekly inflation expectations fell 0.1pts despite last week’s monthly inflation data showing that headline inflation spiked in July, albeit driven by more volatile items. On a 4-week moving average basis, inflation expectations have hovered around 5.0% over the past month and suggest consumers’ inflation expectations remain anchored.
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 |
