ANZ-Roy Morgan Consumer Confidence increased 3.5pts to 67.8 in late April – highest for over a month
ANZ-Roy Morgan Consumer Confidence increased 3.5pts to 67.8 this week – but still the seventh lowest Consumer Confidence reading of all time. Consumer Confidence is a large 15.6pts lower than a year ago, April 21-27, 2025 (83.4), and now 4.8pts below the 2026 weekly average of 72.6.
Consumer Confidence in mid-April was the seventh lowest Consumer Confidence in the history of the index stretching back over 50 years since 1972, but also the highest for over a month since mid-March.
An analysis by State shows Consumer Confidence improved significantly in Victoria and South Australia, was up slightly in New South Wales and Queensland, but was down in Western Australia.
There was an improvement on net views regarding the performance of the Australian economy over the next year and next five years that drove this week’s improvement in Consumer Confidence.
Now 17% (up 2ppts) of Australians say their families are ‘better off’ financially than this time last year compared to a majority of 54% (down 3ppts) that say their families are ‘worse off’.
Net views on personal finances over the next year were unchanged this week with 20% (down 1ppt) of respondents expecting their family will be ‘better off’ financially this time next year, while 44% (down 1ppt), expect to be ‘worse off’.
Net sentiment regarding the economy over the next year improved this week with 4% (unchanged) of Australians, expecting ‘good times’ compared 48% (down 5ppts), that expect ‘bad times’.
Net views regarding the Australian economy over the next five years also improved this week with 7% (up 1ppt) of Australians expecting ‘good times’ for the economy over the next five years compared to under a third, 29% (up 4ppts), expecting ‘bad times’.
Net buying intentions were improved marginally this week with 17% (up 2ppts) 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 rose 3.5pts to 67.8pts last week. The series is at its highest level since mid-March but remains among the lowest readings since the series began in 1973. While all subindices improved last week, the lift was led by improving confidence in economic conditions.
Weekly inflation expectations fell to 6.6% last week, its lowest rate since early March, following the escalation of conflict in the Middle East. This comes ahead of the Q1 CPI release (due Wednesday 29 April). We forecast headline inflation to have risen 1.4% q/q, partly reflecting the impact of higher fuel prices in March. We continue to expect the RBA to increase the cash rate by 25bp at its May meeting.
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 |
