ANZ-Roy Morgan Consumer Confidence increased 2.3pts to 66.4, recovering ground lost in the previous week
ANZ-Roy Morgan Consumer Confidence increased 2.3pts to 66.4 this week – however, still the eighth lowest Consumer Confidence reading of all time. Consumer Confidence is a large 22.4pts lower than a year ago, May 12-18, 2025 (88.8), and now 5.2pts below the 2026 weekly average of 71.6.
Consumer Confidence in mid-May was the eighth lowest Consumer Confidence in the history of the index stretching back over 50 years since 1973.
An analysis by State shows Consumer Confidence increased in Victoria, Queensland, and Western Australia, but was down slightly in New South Wales, and South Australia.
The weekly increase was driven by increasing confidence about the performance about people’s financial situations as well as fewer concerns about the state of the Australian economy going forward.
Now just 15% (up 1ppt) of Australians say their families are ‘better off’ financially than this time last year compared to a majority of 55% (down 1ppt) that say their families are ‘worse off’.
Net views on personal finances over the next year was virtually unchanged this week with 21% (up 2ppts) of respondents expecting their family will be ‘better off’ financially this time next year, while 46% (up 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 to 46% (down 2ppts), that expect ‘bad times’.
Views regarding the Australian economy over the next five years 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, 32% (down 2ppts), expecting ‘bad times’.
Net buying intentions also improved this week with 13% (unchanged) of respondents saying now is a ‘good time to buy’ major household items compared to 49% (down 4ppts) that say now is a ‘bad time to buy major household items’.
ANZ Economist, Sophia Angala, commented:
“ANZ-Roy Morgan Australian Consumer Confidence rose 2.3pts last week to 64.1pts, but confidence remains around historical lows since the series began in 1973. All subindices improved last week. This occurred alongside the release of Australia’s Budget 2026-27 and Q1 wages data.
Weekly inflation expectations fell to 6.0% last week, their lowest level since early March, though still 0.6ppt higher than at the beginning of the year. The still-elevated level of inflation expectations likely reflects higher fuel prices over recent months and some risk of second- round effects (where higher input costs, such as fuel or fertiliser, flow through to goods and services broadly).”
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.
For comments or more information please contact:
Roy Morgan - Enquiries
Office: +61 (03) 9224 5309
askroymorgan@roymorgan.com
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 |
