ANZ-Roy Morgan Consumer Confidence drops 1.6pts to 85.1 in the week before today’s key Reserve Bank meeting on interest rates
ANZ-Roy Morgan Consumer Confidence dropped 1.6pts to 85.1 due to rising concerns about personal finances and the Australian economy over the next year. Consumer Confidence is now at its lowest point so far this year in the week before today’s key Reserve Bank meeting on interest rates.
Consumer Confidence is now 2.3 points above the same week a year ago, February 12-18, 2024 (82.8), and 1.6 points below the 2025 weekly average of 86.7.
A look at Consumer Confidence by State shows a mixed result with decreases in Victoria, Western Australia, and South Australia, virtually unchanged in New South Wales, and increasing in Queensland.
A look across the index shows rising concerns about personal finances and the Australian economy over the next 12 months were the main drivers of this week’s small decline.
Current financial conditions
- A fifth of Australians, 20% (up 1ppt), say their families are ‘better off’ financially than this time last year compared to 50% (up 2ppts) that say their families are ‘worse off’ (the highest figure for this indicator so far this year).
Future financial conditions
- Views on personal finances over the next year were down this week with just under a third of respondents, 32% (down 2ppts), expecting their family will be ‘better off’ financially this time next year (the lowest figure for this indicator so far this year) while 31% (up 3ppts) expect to be ‘worse off’.
Short-term economic confidence
- Views on the economy over the next year decreased slightly this week with just one-in-ten Australians, 10% (down 1ppt) expecting ‘good times’ for the Australian economy over the next twelve months compared to 29% (up 1ppt), that expect ‘bad times’.
Medium-term economic confidence
- Net sentiment regarding the Australian economy in the longer term improved slightly this week with just 12% (unchanged) of Australians expecting ‘good times’ for the economy over the next five years compared to under a fifth, 18% (down 2ppts), expecting ‘bad times’.
Time to buy a major household item
- There was a decline in net buying intentions this week with only 24% (down 2ppts) of Australians saying now is a ‘good time to buy’ major household items (the lowest figure for this indicator since before the Black Friday sales period) compared to 45% (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 declined 1.6pts last week to 85.1pts, the lowest point in the year, so far. The four-week moving average has remained within the tight 86.0-86.9pts range since the beginning of January.
This week’s decline in the series was largely due to a fall in households’ confidence in their personal finances. Both financial conditions subindices fell to a 2025 low, as confidence in the financial outlook over the next year recorded its largest weekly decline since June 2024. Meanwhile, households’ confidence in the short- and long-term economic outlook are still above their H2 2024 averages and in the year so far.
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 |
