ANZ-Roy Morgan Consumer Confidence up 3.6pts to 87.5, highest start to New Year for three years since 2022
ANZ-Roy Morgan Consumer Confidence increased 3.6pts to 87.5 in early January with the traditional ‘New Year’s bump’. Consumer Confidence is now 2.7 points above the same week a year ago, January 2-7, 2024 (84.8), and 4.6 points above the 2024 weekly average of 82.9.
A look at Consumer Confidence by State shows increases in the four largest States of New South Wales, Victoria, Queensland and Western Australia but a decline in South Australia.
A look across the index shows the driver of this week’s increase was an improvement in sentiment regarding buying intentions during the post-Christmas sales period.
Current financial conditions
- Under a quarter of Australians, 21% (unchanged), say their families are ‘better off’ financially than this time last year compared to 46% (down 3ppts) that say their families are ‘worse off’.
Future financial conditions
- Views on personal finances over the next year were entered positive territory to start the new year with a third of respondents, 33% (up 2ppts), expecting their family to be ‘better off’ financially this time next year while 29% (down 3ppts) expect to be ‘worse off’.
Short-term economic confidence
- Views on the economy over the next year were virtually unchanged this week with under one-in-ten Australians, 9% (down 1ppt) expecting ‘good times’ for the Australian economy over the next twelve months compared to 29% (down 1ppt), that expect ‘bad times’.
Medium-term economic confidence
- Net sentiment regarding the Australian economy in the longer term improved slightly this week with 12% (up 2ppts) of Australians expecting ‘good times’ for the economy over the next five years compared to almost a fifth, 19% (unchanged), expecting ‘bad times’.
Time to buy a major household item
- There was an improvement in buying intentions to start the New Year in line with the post-Christmas sales period with 28% (up 3ppts) of Australians saying now is a ‘good time to buy’ major household items compared to 42% (down 5ppts) that say now is a ‘bad time to buy major household items’.
ANZ Economist, Madeline Dunk, commented:
ANZ-Roy Morgan Australian Consumer Confidence jumped 3.6pts in the first week of 2025. While it is not unusual for a confidence boost in the first week of the year, this represented a top-three result since the beginning of 2023. The ‘time to buy a major household item’ subindex recorded its third highest reading since June 2022, though was below the Black Friday peak.
We expect the upward momentum in ANZ-Roy Morgan Consumer Confidence to continue through 2025, as tax cuts, rising real wages and eventually rate cuts support household disposable incomes. ANZ Research expect the first RBA rate cut in May 2025.
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 |
