ANZ-Roy Morgan Consumer Confidence virtually unchanged at 64.3 in mid-April
ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 64.3 this week – but still the fourth lowest Consumer Confidence reading of all time. Consumer Confidence is a large 21.1pts lower than a year ago, April 14-20, 2025 (85.5), and now 8.7pts below the 2026 weekly average of 73.0.
Consumer Confidence in mid-April was the fourth lowest Consumer Confidence in the index stretching back over 50 years since 1972.
An analysis by State shows Consumer Confidence improved in New South Wales, Queensland, and Western Australia, but was down in Victoria, and South Australia.
Although views on personal finances improved compared to a year ago, there was a matching deterioration in terms of expectations for the Australian economy’s future performance.
Now 15% (up 3ppts) of Australians say their families are ‘better off’ financially than this time last year compared to a majority of 57% (down 2ppts) that say their families are ‘worse off’.
Net views on personal finances over the next year were unchanged this week with 21% (up 2ppts) of respondents expecting their family will be ‘better off’ financially this time next year, while 45% (up 2ppts), expect to be ‘worse off’.
Net sentiment regarding the economy over the next year deteriorated this week with 4% (unchanged) of Australians, expecting ‘good times’ compared 53% (up 3ppts), that expect ‘bad times’.
Net views regarding the Australian economy over the next five years also deteriorated this week with 6% (unchanged) of Australians expecting ‘good times’ for the economy over the next five years compared to a third, 33% (up 4ppts), expecting ‘bad times’.
Net buying intentions were virtually unchanged this week with 15% (up 1ppt) of respondents saying now is a ‘good time to buy’ major household items compared to 51% (unchanged) that say now is a ‘bad time to buy major household items’.
ANZ Economist, Sophia Angala, commented:
ANZ-Roy Morgan Australian Consumer Confidence was broadly unchanged last week, declining just 0.2pts. At 64.3pts, the series is at its fourth-lowest level since records began in 1973. The slight decline was driven by weaker economic confidence. This came amid the release of the March Labour Force Survey, which showed the unemployment rate holding at 4.3%. Overall, higher fuel prices and recent weakness in consumer confidence are likely to see consumer spending slow.
Weekly inflation expectations rose to 7.1% last week, the third-highest result since the series began in 2010. In a fireside chat last week, RBA Deputy Governor Hauser noted that inflation in Australia is too high and highlighted the importance of keeping inflation expectations anchored. We continue to 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 |
