ANZ-Roy Morgan Consumer Confidence virtually unchanged at 82.6 in late August; highest six-week average since February
ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 82.6 this week. Consumer Confidence has now spent a record 82 straight weeks below the mark of 85. Consumer Confidence is now 4.5 points above the same week a year ago, August 21-27, 2023 (78.1), and is now 0.7 points above the 2024 weekly average of 81.9.
A look at Consumer Confidence by State shows mixed results with Consumer Confidence up in Victoria and Western Australia, but down in New South Wales, Queensland and South Australia.
Current financial conditions
- Now over a fifth of Australians, 21% (down 2ppts), say their families are ‘better off’ financially than this time last year compared to 48% (up 1ppt) that say their families are ‘worse off’.
Future financial conditions
- Views on personal finances over the next year were virtually unchanged this week with nearly a third of respondents, 32% (unchanged) of Australians expecting their family to be ‘better off’ financially this time next year equal to the 33% (up 1ppt), are expecting to be ‘worse off’.
Short-term economic confidence
- Fewer than one-in-ten Australians, 8% (unchanged) expect ‘good times’ for the Australian economy over the next twelve months compared to a third, 33% (unchanged), that expect ‘bad times’.
Medium-term economic confidence
- Net sentiment regarding the Australian economy in the longer term was virtually unchanged this week with only 11% (unchanged) of Australians expecting ‘good times’ for the economy over the next five years compared to almost a fifth, 19% (up 1ppt), expecting ‘bad times’.
Time to buy a major household item
- Buying intentions improved this week with over a quarter of Australians, 23% (up 3ppts), saying now is a ‘good time to buy’ major household items, compared to a large plurality of 49% (unchanged) that say now is a ‘bad time to buy’ major household items.
ANZ Economist, Madeline Dunk, commented:
ANZ-Roy Morgan Australian Consumer Confidence was relatively steady last week, falling just 0.4pts. The economic and financial conditions subindices declined, although this was partly offset by a lift in the ‘time to buy a major household item’ measure. Inflation expectations inched up just 0.1pts in the week to 4.8% after falling to a 2.5-year low the week before.
Since the start of July there has been a steady move higher in ANZ-Roy Morgan Consumer Confidence amongst renters, and the four-week moving average is at its highest level since March 2023. Confidence amongst renters is once again higher than it is for those paying off a home loan.
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 |
