ANZ-Roy Morgan Consumer Confidence drops 1.8pts to 86.7 in early February
ANZ-Roy Morgan Consumer Confidence dropped 1.8pts to 86.7 with rising concerns about the Australian economy driving the decline. Consumer Confidence is now 4.1 points above the same week a year ago, February 5-11, 2024 (82.6), and just 0.2 points below the 2025 weekly average of 86.9.
A look at Consumer Confidence by State shows decreases in New South Wales, Victoria, Queensland, and South Australia while the index increased sharply in Western Australia.
A look across the index shows rising concerns about the Australian economy were the main driver of this week’s small decline.
Current financial conditions
- Under a fifth of Australians, 19% (down 1ppt), say their families are ‘better off’ financially than this time last year (the lowest figure for this indicator since July 2024) compared to 48% (up 2ppts) that say their families are ‘worse off’.
Future financial conditions
- Views on personal finances over the next year were virtually unchanged this week with just over a third of respondents, 34% (up 1ppt), expecting their family will be ‘better off’ financially this time next year while 28% (unchanged) expect to be ‘worse off’.
Short-term economic confidence
- Views on the economy over the next year decreased slightly this week with just over one-in-ten Australians, 11% (unchanged) expecting ‘good times’ for the Australian economy over the next twelve months compared to 28% (up 1ppt), that expect ‘bad times’.
Medium-term economic confidence
- Net sentiment regarding the Australian economy in the longer term declined this week with just 12% (down 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 virtually no changed in net buying intentions this week with 26% (down 1ppt) of Australians saying now is a ‘good time to buy’ major household items compared to 44% (unchanged) that say now is a ‘bad time to buy major household items’.
ANZ Economist, Sophia Angala, commented:
ANZ-Roy Morgan Australian Consumer Confidence declined 1.8pts last week to 86.7pts, a pullback from the 32-month high the week prior. Most subindices fell in the week, but only one is below its H2 2024 average: households’ confidence in their current financial conditions is at its lowest level since late September. Household confidence on the economic outlook and their finances over the coming year are still well above the H2 2024 average.
The ‘time to buy a major household item’ subindex lowered 0.9pts last week to 81.8pts, but the series is up 12.1pts since the introduction of Stage 3 tax cuts in July. The headline Consumer Confidence series has lifted 7.7pts over the same period, and alongside stronger than expected Q4 retail volume data last week, this suggests the recovery of the consumer is in motion.
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 |
