ANZ-Roy Morgan Consumer Confidence virtually unchanged at 87.1 in mid-January as buying sentiment softens
ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 87.1 in mid- January, sustaining most of the traditional ‘New Year’s bump’. Consumer Confidence is now 2.7 points above the same week a year ago, January 8-14, 2024 (84.4), and 4.2 points above the 2024 weekly average of 82.9.
A look at Consumer Confidence by State shows small increases in New South Wales, Western Australia and South Australia, a decline in Victoria and unchanged in Queensland.
A look across the index shows softness in buying intentions, which declined slightly, driving the weekly index slightly lower than a week ago with other indices virtually unchanged.
Current financial conditions
- Under a quarter of Australians, 22% (up 1ppt), say their families are ‘better off’ financially than this time last year compared to 49% (up 3ppts) that say their families are ‘worse off’.
Future financial conditions
- Views on personal finances over the next year improved slightly this week and were at their highest on a net level since the Federal Election in May 2022. Now just over a third of respondents, 34% (up 1ppt), expect their family will be ‘better off’ financially this time next year while 28% (down 1ppt) expect to be ‘worse off’ (the lowest figure for this indicator for two years since January 2023).
Short-term economic confidence
- Views on the economy over the next year were virtually unchanged this week with one-in-ten Australians, 10% (up 1ppt) expecting ‘good times’ for the Australian economy over the next twelve months compared to 29% (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 11% (down 1ppt) of Australians expecting ‘good times’ for the economy over the next five years compared to just under a fifth, 17% (down 2ppts), expecting ‘bad times’.
Time to buy a major household item
- There was a slight dip in net buying intentions this week with 27% (down 1ppt) of Australians saying now is a ‘good time to buy’ major household items compared to 46% (up 4ppts) that say now is a ‘bad time to buy major household items’.
ANZ Economist, Madeline Dunk, commented:
ANZ-Roy Morgan Australian Consumer Confidence maintained most of the prior week’s gains and is up 3.2pts since the end of December. The biggest rise in 2025 so far has been households’ confidence in the 12-month outlook for their finances, which is up 7.8pts since the end of December. Consumer confidence is up for all cohorts so far in 2025, with outright homeowners recording the biggest increase in confidence, widening the gap between outright owners and other households. Inflation expectations dropped 0.1ppt last week, but are still in the top three strongest results since mid-August 2024. The lower AUD/USD may be influencing households’ inflation expectations.
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 |
