ANZ-Roy Morgan Consumer Confidence down 3.7 points to 73.4 following launch of US and Israeli attacks on Iran
ANZ-Roy Morgan Consumer Confidence was down 3.7 points to 73.4 this week driven by falling confidence about personal finances and the Australian economy over the next year. Consumer Confidence is now a large 13.5pts lower than a year ago, March 3-9, 2025 (86.9), and now 5.8pts below the 2026 weekly average of 79.2.
An analysis by State shows Consumer Confidence falling in most States including in Victoria, Queensland, South Australia, and Western Australia, but up in New South Wales.
Driving this week’s decrease was less confidence about the Australian economy over the next year, and less confidence about personal financial situations over the next year.
Fewer than one-in-five Australians, 18% (up 1ppt), say their families are ‘better off’ financially than this time last year compared to 47% (up 2ppts) that say their families are ‘worse off’.
Net views on personal finances over the next year deteriorated this week with just 20% (down 1ppt) of respondents expecting their family will be ‘better off’ financially this time next year, while well over a third, 43% (up 6ppts), expect to be ‘worse off’.
Net sentiment regarding the economy over the next year deteriorated significantly again this week with only 6% (down 1ppt) of Australians, expecting ‘good times’ for the Australian economy over the next twelve months compared to well over a third, 42% (up 5ppts), that expect ‘bad times’.
Net views regarding the Australian economy over the next five years were unchanged this week with just 9% (up 1ppt) of Australians expecting ‘good times’ for the economy over the next five years compared to over a quarter, 29% (up 1ppt), expecting ‘bad times’.
Net buying intentions were slightly down this week with only 18% (down 1ppt) of respondents saying now is a ‘good time to buy’ major household items compared to 43% (up 3ppts) that say now is a ‘bad time to buy major household items’.
ANZ Economist, Madeline Dunk, commented:
ANZ-Roy Morgan Australian Consumer Confidence declined 3.7pts last week, taking the series to its weakest level since July 2023. Most subindices declined, with the sharpest fall seen in households’ confidence about their financial conditions over the coming year. That subindex remains at its lowest level on record.
Rising geopolitical uncertainty is likely to have played a role. Since the conflict in the Middle East escalated last week, WTI oil futures are up roughly 30%. And inflation expectations recorded their largest weekly rise since we began measuring the series in 2010. This takes inflation expectations to its highest level since November 2022. RBA Governor Bullock noted last week that the Board will be watching inflation expectations closely to ensure they remain anchored.
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 |
