ANZ-Roy Morgan Consumer Confidence unchanged at 83.4
ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 83.4 this week. However, looking longer-term, Consumer Confidence has now spent a record 89 straight weeks below the mark of 85 and is now 7 points above the same week a year ago, October 9-15, 2023 (76.4), and 1.3 points above 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, down in Victoria, Queensland, and South Australia, and unchanged in Western 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 49% (up 1ppt) that say their families are ‘worse off’.
Future financial conditions
- Views on personal finances over the next year have deteriorated this week with a third of respondents, 33% (down 3ppts), expecting their family to be ‘better off’ financially this time next year while 31% (unchanged), expect to be ‘worse off’.
Short-term economic confidence
- Now one-in-ten Australians, 10% (up 1ppt) expect ‘good times’ for the Australian economy over the next twelve months compared to fewer than a third, 30% (down 2ppts), that expect ‘bad times’.
Medium-term economic confidence
- Net sentiment regarding the Australian economy in the longer term was virtually unchanged this week with 11% (unchanged) of Australians expecting ‘good times’ for the economy over the next five years compared to a fifth, 20% (down 1ppt), expecting ‘bad times’.
Time to buy a major household item
- Buying intentions were virtually 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 48% (down 1ppt) that say now is a ‘bad time to buy’ major household items.
ANZ Economist, Madeline Dunk, commented:
ANZ-Roy Morgan Australian Consumer Confidence was steady last week, with households feeling more confident about the economic outlook but less confident about their financial situation. The four-week moving average of the short-term and medium-term economic confidence subindices rose to a sixmonth high. Across the housing cohorts, confidence amongst renters continues to move upwards, while confidence amongst mortgage-holders and outright homeowners has moved sideways in recent weeks. On a four-week moving average basis, confidence amongst renters is just 4.2pts below those who own their home outright.
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 |
