ANZ-Roy Morgan Consumer Confidence drops 2pts to 83.5, as ‘buying sentiment’ plunges after Black Friday sales weekend
ANZ-Roy Morgan Consumer Confidence dropped 2pts to 83.5 and is now 2pts lower than a year ago, December 2-8, 2024 (85.5), and 0.9pts below the 2025 weekly average of 86.4. An analysis by State shows a split result with Consumer Confidence down significantly in Queensland, Western Australia and South Australia, but up slightly in New South Wales and Victoria.
Driving the weekly fall was a decline in ‘buying sentiment’ after the Black Friday sales weekend wrapped up, and a loss in confidence about personal finances over the next 12 months.
Just over a fifth of Australians, 21% (unchanged), say their families are ‘better off’ financially than this time last year compared to a plurality of 45% (unchanged) that say their families are ‘worse off’.
Views on personal finances over the next year deteriorated for a second straight week with 25% (down 2ppts) of respondents expecting their family will be ‘better off’ financially this time next year, while 35% (up 1ppt) expect to be ‘worse off’.
Net sentiment regarding the economy over the next year was little changed this week with 9% (unchanged) of Australians, expecting ‘good times’ for the Australian economy over the next twelve months compared to almost a third, 31% (up 1ppt), that expect ‘bad times’.
Net views regarding the Australian economy in the longer-term were also little changed this week with only 9% (unchanged) of Australians expecting ‘good times’ for the economy over the next five years compared to over a quarter, 28% (up 1ppt), expecting ‘bad times’.
Net buying intentions dropped this week with 26% (down 3ppts) of respondents saying now is a ‘good time to buy’ major household items compared to 34% (up 3ppts) that say now is a ‘bad time to buy major household items’.
ANZ Economist, Sophia Angala, commented:
“ANZ-Roy Morgan Australian Consumer Confidence fell 2.0pts, with declines across all subindices. The ‘time to buy a major household item’ subindex recorded the largest fall, likely driven by the conclusion of Black Friday sales last week, while household confidence in their future finances fell to its lowest level since November 2023.
The October monthly CPI signalled inflationary pressures are persisting, and this likely supported the recent rise in inflation expectations. On a four-week moving average basis, inflation expectations are now at their highest level since late 2023. Given recent inflation pressures, ANZ Research now expects the RBA Board to keep the cash rate at its current level of 3.60% for an extended period.”
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 |
