ANZ-Roy Morgan Consumer Confidence up 1pt to 84.0
ANZ-Roy Morgan Consumer Confidence increased 1pt to 84.0 and is down 3.5pts on a year ago, October 14-20, 2024 (87.5), and 2.6pts below the 2025 weekly average of 86.6.
An analysis by State shows mixed results with increases in New South Wales and South Australia, down in Western Australia, and virtually unchanged in Victoria and Queensland.
Driving the index higher this week was higher net confidence about prospects for the Australian economy over the short and long-term.
Just under a fifth of Australians, 19% (down 1ppt), say their families are ‘better off’ financially than this time last year compared to a plurality of 43% (down 2ppts) that say their families are ‘worse off’.
Views on personal finances over the next year were unchanged with 25% of respondents expecting their family will be ‘better off’ financially this time next year, while 32% expect to be ‘worse off’.
Net sentiment regarding the economy over the next year improved slightly this week with just 8% (down 1ppt) of Australians, expecting ‘good times’ for the Australian economy over the next twelve months compared to almost a third, 30% (down 2ppts), that expect ‘bad times’.
Net views regarding the Australian economy in the longer-term improved from last week’s multi-decade low with only 10% (unchanged) of Australians expecting ‘good times’ for the economy over the next five years compared to a quarter, 25% (down 3ppts), expecting ‘bad times’.
Net buying intentions were virtually unchanged this week with 22% (down 1ppt) of respondents saying now is a ‘good time to buy’ major household items compared to 34% (down 1ppt) that say now is a ‘bad time to buy major household items’.
ANZ Economist, Sophia Angala, commented:
“ANZ-Roy Morgan Consumer Confidence rose 1.0pt to 84.0pts. But its four-week moving average is hovering around a 12-month low. Last week’s rise was driven by improving confidence in economic conditions, noting this was supported by a bounce in the five-year economic outlook, after a 15-year low last week.
In an interview last week, RBA Assistant Governor Hunter noted that consumer confidence is at a “relatively subdued” level. We see solid income growth, rising housing prices and a final RBA rate cut in February all supporting upward momentum in the consumer sector in the coming months.”
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 |
