ANZ-Roy Morgan Consumer Confidence down 4.3 points to 58.8 – a record low for Consumer Confidence as average retail petrol prices hit record high above $2.50 per litre
ANZ-Roy Morgan Consumer Confidence was down 4.3 points to 58.8 this week driven by falling confidence about personal finances and expectations around the performance of the Australian economy. Consumer Confidence is now a large 26.5pts lower than a year ago, March 24-30, 2025 (85.3), and now 16.5pts below the 2026 weekly average of 75.3.
This is a second consecutive record low level for Consumer Confidence in the index stretching back over 50 years since 1972 – and the first time the index has ever dipped below 60.
An analysis by State shows Consumer Confidence falling in all five mainland States this week.
Driving this week’s decrease was less confidence about personal finances compared to a year ago, and looking forward, and less confidence about the Australian economy’s performance going forward.
Fewer than one-in-eight Australians, 12% (down 2ppts), say their families are ‘better off’ financially than this time last year (a new record low for this indicator) compared to a majority of 61% (up 4ppts) that say their families are ‘worse off’ (a new record high for this indicator).
Net views on personal finances over the next year deteriorated significantly this week with 17% (down 1ppt) of respondents expecting their family will be ‘better off’ financially this time next year (a new record low for this indicator), while for the first time a majority, 51% (up 2ppts), expect to be ‘worse off’ (a new record high for this indicator).
Net sentiment regarding the economy over the next year deteriorated again this week with only 4% (down 2ppts) of Australians, expecting ‘good times’ for the Australian economy over the next twelve months (the lowest figure for this indicator for almost six years since April 2020) compared to over half, 56% (up 2ppts), that expect ‘bad times’ – (this is the highest figure for this indicator for almost six years since April 2020).
Net views regarding the Australian economy over the next five years dropped significantly this week with just 4% (down 5ppts) of Australians expecting ‘good times’ for the economy over the next five years (a new record low for this indicator) compared to over a third, 34% (up 3ppts), expecting ‘bad times’ (the highest figure for this indicator for over six years since January 2020).
Net buying intentions were down this week with only 13% (down 1ppt) of respondents saying now is a ‘good time to buy’ major household items (the lowest figure for this indicator for six years since March 2020) compared to 54% (down 1ppt) that say now is a ‘bad time to buy major household items’.
ANZ Economist, Sophia Angala, commented:
After reaching its weakest level since records began in 1973 just a week ago, ANZ-Roy Morgan Consumer Confidence declined further to a new all-time low of 58.8pts. All subindices deteriorated last week, with household confidence in their current and future finances at their lowest level since the subindices were first available in 1985.
Weekly inflation expectations rose to a new record high of 7.3% since the series began in 2010. We expect household spending to weaken in response to the impact of inflation and higher interest rates on disposable incomes.
Please note the next ANZ-Roy Morgan Consumer Confidence report will be released on Wednesday 8 April due to the Easter public holidays.
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 |
