ANZ-Roy Morgan Consumer Confidence up 1.8pts to 84.1 in mid-September
ANZ-Roy Morgan Consumer Confidence was up 1.8pts to 84.1 this week. However, despite the increase Consumer Confidence has now spent a record 85 straight weeks below the mark of 85. Consumer Confidence is now 4.3 points above the same week a year ago, September 11-17, 2023 (76.4), and now 2.1pts above the 2024 weekly average of 82.0.
A look at Consumer Confidence by State shows mixed results with Consumer Confidence up in Victoria and Western Australia, but down slightly in NSW, Queensland and South Australia.
Current financial conditions
- Now over a fifth of Australians, 22% (down 1ppt), 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 have improved this week with Australians now just in positive territory with a third of respondents, 33% (up 1ppt) expecting their family to be ‘better off’ financially this time next year while 30% (down 2ppts), expect to be ‘worse off’.
Short-term economic confidence
- Fewer than one-in-ten Australians, 9% (unchanged) expect ‘good times’ for the Australian economy over the next twelve months compared to fewer than a third, 32% (down 2ppts), that expect ‘bad times’.
Medium-term economic confidence
- Net sentiment regarding the Australian economy in the longer term was unchanged this week with only 12% of Australians expecting ‘good times’ for the economy over the next five years compared to just over a fifth, 21% (down 1ppt), expecting ‘bad times’.
Time to buy a major household item
- Buying intentions improved this week with over a fifth of Australians, 23% (up 3ppts), saying now is a ‘good time to buy’ major household items, compared to a large plurality of 48% (unchanged) that say now is a ‘bad time to buy’ major household items.
ANZ Economist, Madeline Dunk, commented:
ANZ-Roy Morgan Australian Consumer Confidence rose 1.8pts to an 8-week high, remaining just below the mid-July peak. The lift was broad-based, with current financial conditions the only subindex to decline. The future financial conditions subindex increased 3.1pts to a six-month high. Households were also feeling more confident about the economic outlook.
Momentum has diverged across the housing cohorts. Since late-August, the four-week moving average of confidence for households who own their home outright has lifted 1.7pts, whereas it fell 1.3pts for renters and 0.2pts for those paying off a mortgage. While renters remain more confident than those with a mortgage, the gap between the two groups is narrowing.
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 |
