ANZ-Roy Morgan Consumer Confidence increases 3.5 points to 62.3 after the Albanese Government slashes the fuel excise
ANZ-Roy Morgan Consumer Confidence was up 3.5 points to 62.3 this week after the Albanese Government cut the fuel excise by over 25 cents per litre early last week with more confidence across all five indicators driving the small improvement. Consumer Confidence is a large 24.5pts lower than a year ago, March 31-April 6, 2025 (86.8), and now 12pts below the 2026 weekly average of 74.3.
Although an improvement on last week’s record low, this is the second lowest Consumer Confidence in the index stretching back over 50 years since 1972.
An analysis by State shows Consumer Confidence improved in all five mainland States this week.
Driving this week’s increase was more confidence about personal finances compared to a year ago, and looking forward, and more confidence about the Australian economy’s performance going forward.
More than one-in-eight Australians, 13% (up 1ppt), say their families are ‘better off’ financially than this time last year compared to a majority of 60% (down 1ppt) that say their families are ‘worse off’.
Net views on personal finances over the next year improved this week with 19% (up 2ppts) of respondents expecting their family will be ‘better off’ financially this time next year, while 47% (down 4ppts), expect to be ‘worse off’.
Net sentiment regarding the economy over the next year improved this week with 5% (up 1ppt) of Australians, expecting ‘good times’ compared to over half, 54% (down 2ppts), that expect ‘bad times’.
Net views regarding the Australian economy over the next five years improved this week with 6% (up 2ppts) of Australians expecting ‘good times’ for the economy over the next five years compared to just under a third, 32% (down 2ppts), expecting ‘bad times’.
Net buying intentions improved this week with 16% (up 3ppts) of respondents saying now is a ‘good time to buy’ major household items compared to 55% (up 1ppt) that say now is a ‘bad time to buy major household items’.
ANZ Economist, Sophia Angala, commented:
ANZ-Roy Morgan Australian Consumer Confidence lifted from its record low last week but, at 62.3pts, is at its second-lowest level since records began in 1973. All subindices strengthened and inflation expectations eased slightly. This occurred in the same week that the three-month reduction in the fuel excise took effect and the release of the RBA’s March Monetary Policy Board meeting minutes.
In the minutes, the Board noted there were some downside risks to household consumption in Q1 2026, as higher petrol prices and weak consumer confidence could weigh on spending. We expect household consumption growth to ease from 2.4% in 2025 to 1.1% in 2026.
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 |
