ANZ-Roy Morgan Consumer Confidence up 1.8pts to 85.8 driven by rising confidence about personal finances
ANZ-Roy Morgan Consumer Confidence increased 1.8pts to 85.8 but is down a small 0.6pts on a year ago, October 21-27, 2024 (86.4), and just 0.8pts below the 2025 weekly average of 86.6.
An analysis by State shows mixed results with increases in Victoria, Western Australia and South Australia, down in Queensland, and virtually unchanged in New South Wales.
Driving the index higher this week was improving confidence about personal financial situations as well as the performance of the Australian economy over the next year.
Over a fifth of Australians, 23% (up 4ppts), say their families are ‘better off’ financially than this time last year compared to a declining plurality of 42% (down 1ppt) that say their families are ‘worse off’.
Views on personal finances over the next year improved this week with 28% (up 3ppts) of respondents expecting their family will be ‘better off’ financially this time next year, while 31% (down 1ppt) expect to be ‘worse off’.
Net sentiment regarding the economy over the next year improved this week with 11% (up 3ppts) of Australians, expecting ‘good times’ for the Australian economy over the next twelve months compared to almost a third, 30% (unchanged), that expect ‘bad times’.
However, net views regarding the Australian economy in the longer-term deteriorated from a week ago with only 10% (unchanged) of Australians expecting ‘good times’ for the economy over the next five years compared to over a quarter, 27% (up 2ppts), expecting ‘bad times’.
Net buying intentions were virtually unchanged this week with 22% (unchanged) of respondents saying now is a ‘good time to buy’ major household items compared to 35% (up 1ppt) that say now is a ‘bad time to buy major household items’.
ANZ Economist, Sophia Angala, commented:
ANZ-Roy Morgan Australian Consumer Confidence was up 2.8pts over the past fortnight. Last week’s rise was driven by improving household confidence in their personal finances, while weakness persists in household confidence in the five-year economic outlook.
Weekly inflation expectations ticked up ahead of this week’s Q3 CPI print, which we expect to point to a stalling in annual disinflation. We don’t expect this outcome to be the start of a new trend for inflation and expect annual underlying inflation to reach the midpoint of the RBA’s 2-3% target band in H2 2026.
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 |
