ANZ-Roy Morgan Consumer Confidence up 1.1pts to 85.3 after the Federal ‘Election’ Budget is handed down
ANZ-Roy Morgan Consumer Confidence was up 1.1pts to 85.3 this week following the handing down of the pre-election Federal Budget by Treasurer Jim Chalmers. The Federal Budget was delivered on Tuesday and Prime Minister Anthony Albanese called the Federal Election three days later.
Consumer Confidence is now 2.5 points above the same week a year ago, March 25-31, 2024 (82.8), and is 1.3pts below the 2025 weekly average of 86.5.
An analysis by State shows there were increases in New South Wales, Queensland and Western Australia driving the weekly up-tick, while there were small declines in Victoria and South Australia.
A look across the index shows the biggest driver of the weekly increase was an increase in people feeling positive about the performance of the Australian economy over the next year.
Current financial conditions
- Just over a fifth of Australians, 21% (unchanged), say their families are ‘better off’ financially than this time last year compared to 45% (down 4ppts) that say their families are ‘worse off’.
Future financial conditions
- Views on personal finances over the next year were little changed on a net basis this week with 28% (down 3ppts) of respondents, expecting their family will be ‘better off’ financially this time next year while 29% (down 3ppts) expect to be ‘worse off’.
Short-term economic confidence
- Views on the economy over the next year improved this week with one-in-ten Australians, 10% (up 2ppts) expecting ‘good times’ for the Australian economy over the next twelve months compared to 30% (down 2ppts), that expect ‘bad times’.
Medium-term economic confidence
- However, net sentiment regarding the Australian economy in the longer term weakened this week with 12% (up 1ppt) of Australians expecting ‘good times’ for the economy over the next five years compared to nearly a quarter, 24% (up 4ppts), expecting ‘bad times’ (the highest figure for this indicator for around 18 months since November 2023).
Time to buy a major household item
- There was a small improvement in net buying intentions this week with only 23% (down 3ppts) of Australians saying now is a ‘good time to buy’ major household items compared to 39% (down 4ppts) that say now is a ‘bad time to buy major household items’ (the lowest figure for this indicator for nearly three years since May 2022).
ANZ Economist, Sophia Angala, commented:
ANZ-Roy Morgan Australian Consumer Confidence increased 1.1pts last week to 85.3pts, but was still below its 2025 average. There were strong increases in households’ confidence in their current finances and economic conditions over the next year, after consecutive falls in these indices over the previous two weeks.
Weekly inflation expectations fell to 4.7% following last week’s softer-than-expected monthly CPI data, which printed at 2.4% y/y in February. On a four-week moving average basis, renter confidence continues to trend up, while outright homeowner and mortgage holder confidence are down. Outright homeowner confidence has fallen sharply through 2025 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 |
