ANZ-Roy Morgan Consumer Confidence down 3.1 points to 77.1 driven by falling confidence about the economy
ANZ-Roy Morgan Consumer Confidence was down 3.1 points to 77.1 this week driven by falling confidence about personal finances and the Australian economy. Consumer Confidence is now a large 10.6pts lower than a year ago, February 24 – March 2, 2025 (87.7), and now 2.9pts below the 2026 weekly average of 80.0.
An analysis by State shows Consumer Confidence falling in most States including in New South Wales, Victoria, Queensland, and South Australia, but up in Western Australia.
Driving this week’s decrease was less confidence about the Australian economy over the next year and next five years, and less confidence about personal financial situations over the next year.
Only one-in-six Australians, 17% (down 1ppt), say their families are ‘better off’ financially than this time last year compared to 45% (up 1ppt) that say their families are ‘worse off’.
Net views on personal finances over the next year deteriorated this week with just 21% (down 3ppts) of respondents expecting their family will be ‘better off’ financially this time next year, while over a third, 37% (up 1ppt), expect to be ‘worse off’.
Net sentiment regarding the economy over the next year deteriorated significantly this week with only 7% (down 2ppts) of Australians, expecting ‘good times’ for the Australian economy over the next twelve months compared to over a third, 37% (up 3ppts), that expect ‘bad times’.
Net views regarding the Australian economy over the next five years were also down this week with just 8% (down 2ppts) of Australians expecting ‘good times’ for the economy over the next five years compared to over a quarter, 28% (unchanged), expecting ‘bad times’.
Net buying intentions were slightly down this week with only 19% (down 1ppt) of respondents saying now is a ‘good time to buy’ major household items compared to 40% (up 2ppts) that say now is a ‘bad time to buy major household items’.
ANZ Economist, Sophia Angala, commented:
ANZ-Roy Morgan Australian Consumer Confidence remains at its lowest level since December 2023, on a four-week moving average basis.
Households are feeling less confident in their personal finances and the economic outlook over the next 12 months. While all subindexes show lower confidence compared to the 2025 average, both these measures have seen sharper drops from their 2025 averages, and the ‘future financial conditions’ subindex is at a multi-decade low.
‘Weekly inflation expectations’ ticked up last week, which may have been driven by last week’s CPI data. With underlying inflation stickier than expected, we now expect the RBA to increase the cash rate by 25bp in May.
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 |
