ANZ-Roy Morgan Consumer Confidence virtually unchanged at 86.0 for Australia Day long weekend
ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 86.0 on the Australia Day long weekend, with buying intentions down for a third straight week – the only index to register consecutive weekly declines.
Consumer Confidence is now 3.5 points above the same week a year ago, January 22-28, 2024 (82.5), and 3.1 points above the 2024 weekly average of 82.9.
A look at Consumer Confidence by State shows increases in the two largest States of New South Wales and Victoria, but declines elsewhere in Queensland, Western Australia, and South Australia.
A look across the index shows softness in buying intentions, which declined for a third straight week, more than offset by improved sentiment for personal finances and the economy over the next year.
Current financial conditions
- Just a fifth of Australians, 20% (down 1ppt), say their families are ‘better off’ financially than this time last year compared to 48% (unchanged) that say their families are ‘worse off’.
Future financial conditions
- Views on personal finances over the next year improved this week due to a decline 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 29% (down 2ppts) expect to be ‘worse off’.
Short-term economic confidence
- Views on the economy over the next year were virtually unchanged this week with just one-in-ten Australians, 10% (up 1ppt) expecting ‘good times’ for the Australian economy over the next twelve months compared to 27% (unchanged), that expect ‘bad times’.
Medium-term economic confidence
- Net sentiment regarding the Australian economy in the longer term was unchanged this week with 12% (unchanged) of Australians expecting ‘good times’ for the economy over the next five years compared to a fifth, 20% (unchanged), expecting ‘bad times’.
Time to buy a major household item
- There was a slight dip in net buying intentions this week with 25% (unchanged of Australians saying now is a ‘good time to buy’ major household items compared to 47% (up 1ppt) that say now is a ‘bad time to buy major household items’.
ANZ Economist, Sophia Angala, commented:
ANZ-Roy Morgan Australian Consumer Confidence was steady last week, rising just 0.2pts. Weekly inflation expectations fell 0.2pts to 5.0%, but this was a pullback of the six-month high in the week prior.
Households are feeling more confident about their future financial conditions and the economic outlook over the next 12 months. Notably, the short-term economic confidence subindex lifted to its highest level since April 2022, before the first rate hike in May 2022.
Across the housing cohorts, confidence amongst renters and mortgage-holders have moved sideways on a four-week moving average basis. Meanwhile, confidence amongst outright homeowners continues to move upwards, as the four-week moving average lifted to its highest level since the beginning of the rate hike cycle, May 2022.
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 |
