ANZ-Roy Morgan Consumer Confidence up 1.5pts to 83.5
ANZ-Roy Morgan Consumer Confidence increased 1.5pts to 83.5 this week. However, despite the increase, Consumer Confidence has now spent a record 88 straight weeks below the mark of 85 and is now 3.4 points above the same week a year ago, October 2-8, 2023 (80.1), and in line with the 2024 weekly average of 82.1.
A look at Consumer Confidence by State shows mixed results with Consumer Confidence up in New South Wales, Queensland and Western Australia, unchanged in Victoria, but down in South Australia.
Current financial conditions
- Now nearly a quarter of Australians, 23% (up 3ppts), say their families are ‘better off’ financially than this time last year compared to 48% (down 5ppts) that say their families are ‘worse off’.
Future financial conditions
- Views on personal finances over the next year have improved this week with over a third of respondents, 36% (up 4ppts), expecting their family to be ‘better off’ financially this time next year (the highest figure for this indicator for over two-and-a-half years since March 2022) while 31% (unchanged), expect to be ‘worse off’.
Short-term economic confidence
- Now under 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% (up 1ppt), that expect ‘bad times’.
Medium-term economic confidence
- Net sentiment regarding the Australian economy in the longer term declined this week with 11% (down 1ppt) of Australians expecting ‘good times’ for the economy over the next five years compared to just over a fifth, 21% (up 2ppts), expecting ‘bad times’.
Time to buy a major household item
- Buying intentions were unchanged this week with a fifth of Australians, 20% (unchanged), 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, Sophia Angala, commented:
ANZ-Roy Morgan Australian Consumer Confidence rose 1.5pts last week, reversing some of the previous week’s decline. Confidence has remained within the tight range of 81.3-84.9 since mid-July.
Last week’s rise was driven by an improvement in household confidence in financial conditions. Confidence in current finances lifted 7.1pts, the equal largest weekly rise since late 2023, although this was a rebound from the 6.7pt drop the previous week. Confidence in future finances rose further into ‘positive’ territory (above 100), up 3.2pts to 104.6, the highest level since January 2023.
Across housing cohorts, confidence amongst outright homeowners and renters rose 1.9pts and 5.9pts respectively, while confidence among those paying off their own homes fell 2.2pts.
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 |
