ANZ-Roy Morgan Consumer Confidence up 1.7pts to 86.3 before this week’s Reserve Bank meeting
ANZ-Roy Morgan Consumer Confidence increased 1.7pts to 86.3 this week before today’s Reserve Bank meeting on interest rates. Consumer Confidence is now 4.3 points above the same week a year ago, September 23-29, 2024 (82.0), and just 0.5pts below the 2025 weekly average of 86.8.
An analysis by State shows a broad trend with Consumer Confidence reversing the results of last week and increasing in the four largest States of New South Wales, Victoria, Queensland and Western Australia, but down in South Australia.
The main driver of this week’s increase in Consumer Confidence was an improvement in buying sentiment by a net 3% points compared to a week ago.
Just over a fifth of Australians, 22% (up 1ppt), say their families are ‘better off’ financially than this time last year compared to 42% (unchanged) that say their families are ‘worse off’.
Net views on personal finances over the next year improved marginally with 29% (up 2ppts) of respondents expecting their family will be ‘better off’ financially this time next year, while 33% (up 1ppt) expect to be ‘worse off’.
Net sentiment regarding the economy over the next year improved slightly this week with just 10% (up 2ppts) of Australians, expecting ‘good times’ for the Australian economy over the next twelve months compared to more than a quarter, 29% (unchanged), that expect ‘bad times’.
Net views regarding the Australian economy in the longer-term were slightly improved this week, with 10% (up 1ppt) of Australians expecting ‘good times’ for the economy over the next five years compared to a quarter, 25% (down 1ppt), expecting ‘bad times’.
Net buying intentions drove this week’s increase with over a fifth of respondents, 23% (up 2ppts) saying now is a ‘good time to buy’ major household items compared to 33% (down 1ppts) that say now is a ‘bad time to buy major household items’.
ANZ Economist, Sophia Angala, commented:
ANZ-Roy Morgan Australian Consumer Confidence rose 1.7pts to 86.3pts last week, supported by a lift across all the subindices. The headline measure is now just below the average it has held so far in 2025 (86.8pts).
Weekly inflation expectations rose 0.1ppt last week after the monthly CPI indicator showed headline inflation at 3.0% over the year to August, the top of the RBA’s 2-3% target band.
We expect the RBA will keep the cash rate on hold at 3.60% today. In the post-meeting communications, it is likely Governor Bullock will emphasise the importance of ensuring that inflation remains contained. On a 4-week moving average basis, weekly inflation expectations have largely moved sideways over the past year, suggesting inflation expectations are 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 |
