ANZ-Roy Morgan Consumer Confidence increased 2.7 points to 68.8 in late May – highest rating since early March
ANZ-Roy Morgan Consumer Confidence increased 2.7 points to 68.8, the highest result for over two months since early March. Consumer Confidence is 17.6pts lower than a year ago, May 26 – June 1, 2025 (86.4), and just 2.4pts below the 2026 weekly average of 71.2.
An analysis by State shows Consumer Confidence increased in Victoria, Western Australia, and South Australia, but was unchanged in both New South Wales, and Queensland.
Driving the weekly increase was increasing confidence across the index and especially related to personal financial situations and prospects for the Australian economy over the next year, and next five years.
Now just 14% (up 1ppt) of Australians say their families are ‘better off’ financially than this time last year compared to a majority of 54% (down 2ppts) that say their families are ‘worse off’.
Net views on personal finances over the next year improved slightly this week with 18% (down 2ppts) of respondents expecting their family will be ‘better off’ financially this time next year, while 43% (down 4ppts), expect to be ‘worse off’.
Net sentiment regarding the economy over the next year improved this week with 6% (up 1ppt) of Australians, expecting ‘good times’ compared to 44% (down 3ppts), that expect ‘bad times’.
Views regarding the Australian economy over the next five years were virtually unchanged this week with 8% (up 1ppt) of Australians expecting ‘good times’ for the economy over the next five years compared to under a third, 32% (unchanged), expecting ‘bad times’.
Net buying intentions improved for a third straight week with 16% (up 1ppt) of respondents saying now is a ‘good time to buy’ major household items compared to 45% (down 3ppts) that say now is a ‘bad time to buy major household items’.
ANZ Economist, Sophia Angala, commented:
“ANZ-Roy Morgan Australian Consumer Confidence rose 2.7pts last week to 68.8pts, its highest level since early March. However, confidence remains 17.5pts below the 2025 average. Recent momentum in consumer demand has been soft, and the weak level of consumer confidence supports our view that the RBA cash rate is likely to remain at 4.35% over the near term.
Weekly inflation expectations declined 0.2ppt to 5.9% last week, their lowest level since the survey week ending 1 March (the last survey period which mostly occurred prior to the escalation in Middle East conflict). The pullback in inflation expectations likely reflects recent monthly inflation data, which was softer than expected.”
NOTE: the next ANZ-Roy Morgan Australian Consumer Confidence report will be released on Wednesday 10 June due to the King’s Birthday public holiday.
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 |
