ANZ-Roy Morgan Consumer Confidence up 3.1 points to 80.2 driven by rising confidence about the Australian economy
ANZ-Roy Morgan Consumer Confidence was up 3.1 points to 80.2 this week driven by rising confidence about the Australian economy. Consumer Confidence is now a large 9.6pts lower than a year ago, February 17-23, 2025 (89.8), and in line with the 2026 weekly average of 80.4.
An analysis by State shows Consumer Confidence rising in most States including in New South Wales, Victoria, Queensland, and South Australia, but down in Western Australia.
Driving this week’s increase was more confidence about the Australian economy over the next year and next five years, and more confidence about personal financial situations over the next year.
An unchanged 18% of Australians, say their families are ‘better off’ financially than this time last year compared to 44% (down 1ppt) that say their families are ‘worse off’.
Net views on personal finances over the next year improved this week with 24% (up 2ppts) of respondents expecting their family will be ‘better off’ financially this time next year, while just over a third, 36% (down 1ppt), expect to be ‘worse off’.
Net sentiment regarding the economy over the next year was improved significantly this week with 9% (up 2ppts) of Australians, expecting ‘good times’ for the Australian economy over the next twelve months compared to just over a third, 34% (down 3ppts), that expect ‘bad times’.
Net views regarding the Australian economy over the next five years also improved this week with just 10% (up 1ppt) of Australians expecting ‘good times’ for the economy over the next five years compared to over a quarter, 28% (down 3ppts), expecting ‘bad times’.
Net buying intentions were slightly up this week with only 20% (unchanged) of respondents saying now is a ‘good time to buy’ major household items compared to 38% (down 2ppts) that say now is a ‘bad time to buy major household items’.
ANZ Economist, Sophia Angala, commented:
While ANZ-Roy Morgan Australian Consumer Confidence is now up 3.3pts since the RBA hiked the cash rate to 3.85%, the four-week moving average fell to its lowest level since December 2023. All subindices recorded a lift last week, but the rise was led by improving household confidence in the economic outlook. Last week’s labour market data, which showed the unemployment rate remained at 4.1% in January and quarterly wages growth was up 0.8% q/q in Q4, may have supported this result.
‘Weekly inflation expectations’ eased last week, and the four-week moving average is down 0.2ppt so far this year. This comes ahead of this week’s January CPI release, which we expect to show a moderation in annual inflation.
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 |
