ANZ-Roy Morgan Consumer Confidence drops 1.3pts to 85.8 as buying intentions drop for a second straight week
ANZ-Roy Morgan Consumer Confidence dropped 1.3pts to 85.8 in mid- January, with buying intentions down for a second straight week – the only index to register consecutive weekly declines.
Consumer Confidence is now 1.4 points above the same week a year ago, January 15-21, 2024 (84.4), and 2.9 points above the 2024 weekly average of 82.9.
A look at Consumer Confidence by State shows decreases in New South Wales, Victoria and Queensland whilst remaining unchanged in Western Australia and South Australia.
A look across the index shows softness in buying intentions, which declined for a second straight week and increasing concerns about personal finances over the next year.
Current financial conditions
- Under a quarter of Australians, 21% (down 1ppt), say their families are ‘better off’ financially than this time last year compared to 48% (down 1ppt) that say their families are ‘worse off’.
Future financial conditions
- Views on personal finances over the next year were down this week due to a rise in negative sentiment with just over a third of respondents, 34% (unchanged), expecting their family will be ‘better off’ financially this time next year while 31% (up 3ppt) expect to be ‘worse off’.
Short-term economic confidence
- Views on the economy over the next year were virtually unchanged this week with just under one-in-ten Australians, 9% (down 1ppt) expecting ‘good times’ for the Australian economy over the next twelve months compared to 27% (down 2ppts), that expect ‘bad times’.
Medium-term economic confidence
- Net sentiment regarding the Australian economy in the longer term was down slightly this week with 12% (up 1ppt) of Australians expecting ‘good times’ for the economy over the next five years compared to a fifth, 20% (up 3ppts), expecting ‘bad times’.
Time to buy a major household item
- There was a slight dip in net buying intentions this week with 25% (down 2ppts) of Australians saying now is a ‘good time to buy’ major household items compared to 46% (unchanged) that say now is a ‘bad time to buy major household items’.
ANZ Economist, Sophia Angala, commented:
The positive impact of the New Year appears to be waning, as ANZ-Roy Morgan Australian Consumer Confidence fell 1.3pts last week. However, the series is still up 1.9pts from the end of December.
The ‘time to buy a major household item’ subindex has fallen 7.2pts since the start of January. This may be affected by the rise in households’ weekly inflation expectations, which rose to its highest reading since June 2024, despite official data on inflation falling. Coverage of the drift lower in the AUD/USD last week may be impacting households’ inflation expectations.
Please note the next ANZ-Roy Morgan Australian Consumer Confidence report will be released on Wednesday 29 January.
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 |
