ANZ-Roy Morgan Consumer Confidence down 3.1pts to 83.8, lowest so far this year in the aftermath of Cyclone Alfred
ANZ-Roy Morgan Consumer Confidence dropped 3.1pts to 83.8 this week following the devastating Cyclone Alfred which hit coastal regions of South-Eastern Queensland and Northern New South Wales late in the previous week. Consumer Confidence in Queensland is again the lowest of any State.
Consumer Confidence is now 2.1 points above the same week a year ago, March 11-17, 2024 (81.7), and 3 points below the 2025 weekly average of 86.8.
A look at Consumer Confidence by State shows declines in all five mainland States.
A look across the index shows decreasing confidence about personal finances and the prospects for Australia’s economy over the next year and next five years drove this week’s decline.
Current financial conditions
- More than a fifth of Australians, 22% (unchanged), say their families are ‘better off’ financially than this time last year compared to 47% (up 2ppts) that say their families are ‘worse off’.
Future financial conditions
- Views on personal finances over the next year weakened for a third straight week with 31% of respondents, (unchanged), expecting their family will be ‘better off’ financially this time next year while 33% (up 5ppts) expect to be ‘worse off’ (the highest figure for this indicator so far this year). This is the first time this year this index has dipped into negative territory.
Short-term economic confidence
- Views on the economy over the next year weakened this week with under one-in-ten Australians, 8% (down 1ppt) expecting ‘good times’ for the Australian economy over the next twelve months (the lowest figure for this indicator so far this year) compared to 32% (up 4ppts), that expect ‘bad times’ (the highest figure for this indicator so far this year).
Medium-term economic confidence
- Net sentiment regarding the Australian economy in the longer term weakened slightly this week with just 10% (down 2ppts) of Australians expecting ‘good times’ for the economy over the next five years (the highest figure for this indicator so far this year) compared to over a fifth, 21% (unchanged), expecting ‘bad times’.
Time to buy a major household item
- There was a small deterioration in net buying intentions this week with only 24% (down 1ppt) of Australians saying now is a ‘good time to buy’ major household items compared to 43% (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 dropped 3.1pts last week to 83.8pts, its lowest level since October 2024. The series has dropped 3.9pts in the last fortnight. The impacts of ex-Tropical Cyclone Alfred have pushed Queensland confidence to equal-lowest with South Australia, while global trade uncertainty may be weighing on confidence nationally.
There was a decline across all subindices last week. Households continue to feel less confident about the economic outlook, with the 12-month outlook falling 4.9pts to below its H2 2024 average. Confidence in the five-year economic outlook fell 1.7pts. Meanwhile, households are feeling less confident in their financial conditions over the next year, as the subindex declined 4.5pts to fall below the neutral 100pt level for the first time since December 2024.
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 |
