ANZ-Roy Morgan Consumer Confidence up 0.7pts to 84.2 driven higher by more confidence about buying conditions heading towards next week’s Black Friday sales weekend
ANZ-Roy Morgan Consumer Confidence increased 0.7pts to 84.2 and is now 2.6pts lower than a year ago, November 11-17, 2024 (86.8), and 2.2pts below the 2025 weekly average of 86.4.
An analysis by State shows mixed results with Consumer Confidence up in New South Wales and Queensland, unchanged in Victoria, but down in Western Australia and South Australia.
Driving the index higher this week was improving sentiment that now is a ‘good time to buy’ major household items as we head towards next week’s Black Friday sales weekend.
A fifth of Australians, 20% (down 1ppt), say their families are ‘better off’ financially than this time last year compared to an unchanged plurality of 44% that say their families are ‘worse off’.
Views on personal finances over the next year were down this week with 26% (down 2ppts) of respondents expecting their family will be ‘better off’ financially this time next year, while 33% (up 2ppts) expect to be ‘worse off’.
However, net sentiment regarding the economy over the next year improved slightly this week with 9% (up 1ppt) of Australians, expecting ‘good times’ for the Australian economy over the next twelve months compared to almost a third, 29% (down 1ppt), that expect ‘bad times’.
Net views regarding the Australian economy in the longer-term were virtually unchanged this week with 10% (unchanged) of Australians expecting ‘good times’ for the economy over the next five years compared to over a quarter, 26% (down 1ppt), expecting ‘bad times’.
Net buying intentions improved significantly this week with 24% (up 4ppts) of respondents saying now is a ‘good time to buy’ major household items compared to 36% (down 1ppt) that say now is a ‘bad time to buy major household items’.
ANZ Economist, Sophia Angala, commented:
ANZ-Roy Morgan Australian Consumer Confidence rose 0.7pts last week to 84.2pts. The rise was driven by a 5.2pts increase in the ‘time to buy a major household item’ subindex, as Black Friday sales events began during the survey period. Consumers’ confidence in their economic conditions also improved. The end to the US federal government shutdown and a decline in Australia’s unemployment rate in October may have supported this.
Across the housing cohorts, on a four-week moving average basis, mortgage-holder confidence rose above outright homeowner confidence for the first time since early July. Renter confidence dropped to its lowest level since August 2024. This contrasts with the rate hiking cycle when mortgage holders were the least confident housing cohort.
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 |
