ANZ-Roy Morgan Consumer Confidence virtually unchanged at 77.1 in mid-February – remains near two-year lows
ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 77.1 this week, near the more than two-year low reached a week ago. Consumer Confidence is now a large 8pts lower than a year ago, February 10-16, 2025 (85.1), and 3.3pts below the 2026 weekly average of 80.4.
An analysis by State shows mixed results with Consumer Confidence up in Victoria, Queensland, and South Australia, down in Western Australia, and virtually unchanged in New South Wales.
This week there was more confidence about personal financial situations compared to a year ago, which was largely cancelled out by less confidence about personal financial situations going forward.
Over one-in-six Australians, 18% (up 2ppts), say their families are ‘better off’ financially than this time last year compared to 45% (down 2ppts) that say their families are ‘worse off’.
Net views on personal finances over the next year dipped for a third straight week with only 22% (unchanged) of respondents expecting their family will be ‘better off’ financially this time next year (the equal lowest figure for this indicator for over 36 years since July 1989), while over a third, 37% (up 2ppts), expect to be ‘worse off’ (this is a net rating of -15% - the lowest net rating for this indicator for over 36 years since August 1989).
Net sentiment regarding the economy over the next year was unchanged this week with 7% (down 1ppt) of Australians, expecting ‘good times’ for the Australian economy over the next twelve months compared to over a third, 37% (down 1ppt), that expect ‘bad times’.
Net views regarding the Australian economy were unchanged this week with just 9% (up 1ppt) of Australians expecting ‘good times’ for the economy over the next five years compared to nearly a third, 31% (up 1ppt), expecting ‘bad times’ (the highest figure for this indicator since the early days of the pandemic in February 2020) – and overall this led to a net rating of -22% - the equal lowest for over 35 years since January 1991.
Net buying intentions were virtually unchanged his week with only 20% (unchanged) of respondents saying now is a ‘good time to buy’ major household items compared to 40% (up 1ppt) that say now is a ‘bad time to buy major household items’.
ANZ Economist, Sophia Angala, commented:
ANZ-Roy Morgan Australian Consumer remains very weak at 77.1pts, having dropped 3.4pts since the RBA increased the cash rate to 3.85%. The four-week moving average fell to its lowest level since June 2024. Households remain pessimistic in their financial conditions over the next 12 months and their economic conditions over the next five years, with both subindices at decade lows.
We now expect modest GDP growth of 1.8% y/y through 2026. The weaker level of consumer confidence following the February RBA rate hike is likely to dampen household consumption growth and support this soft result in the near term.
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.
For comments or more information please contact:
Roy Morgan - Enquiries
Office: +61 (03) 9224 5309
askroymorgan@roymorgan.com
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 |
