ANZ-Roy Morgan Consumer Confidence up 1.5pts to 86.8 in early April after Federal Budget and Election date is set
ANZ-Roy Morgan Consumer Confidence was up 1.5pts to 86.8 this week following the handing down of the pre-election Federal Budget by Treasurer Jim Chalmers (Tuesday March 26) and Prime Minister Anthony Albanese called the Federal Election on Friday March 28.
Consumer Confidence is now 4.9 points above the same week a year ago, April 1-7, 2024 (81.9), and is in line with the 2025 weekly average of 86.5.
An analysis by State shows there were increases in Victoria and Western Australia, small declines in New South Wales and Queensland, and unchanged in South Australia.
A look across the index shows the driver of the weekly increase was more confidence about the performance of the Australian economy over the next year and next five years.
Current financial conditions
- Just under a fifth of Australians, 19% (down 2ppts), say their families are ‘better off’ financially than this time last year compared to 45% (unchanged) that say their families are ‘worse off’.
Future financial conditions
- Views on personal finances over the next year improved with 30% (up 2ppts) of respondents, expecting their family will be ‘better off’ financially this time next year while 28% (down 1ppt) expect to be ‘worse off’.
Short-term economic confidence
- Views on the economy over the next year improved this week with over one-in-ten Australians, 12% (up 2ppts) expecting ‘good times’ for the Australian economy over the next twelve months (the highest figure for this indicator since July 2024) compared to 28% (down 2ppts), that expect ‘bad times’.
Medium-term economic confidence
- Net sentiment regarding the Australian economy in the longer term also strengthened this week with 13% (up 1ppt) of Australians expecting ‘good times’ for the economy over the next five years compared to nearly a quarter, 20% (down 4ppts), expecting ‘bad times’.
Time to buy a major household item
- However, there was a small decline in net buying intentions this week with only 20% (down 3ppts) of Australians saying now is a ‘good time to buy’ major household items compared to 39% (unchanged) that say now is a ‘bad time to buy major household items’.
ANZ Economist, Sophia Angala, commented:
ANZ-Roy Morgan Australian Consumer Confidence increased 1.5pts last week following the RBA’s decision to keep the cash rate on hold at 4.10%. The series is just 1.7pt higher than immediately before the RBA’s 25bp cut six weeks ago. The lack of material increase in recent weeks may reflect recent global trade uncertainty, which has likely offset some of the upward pressure on confidence from stronger domestic economic conditions. It should be noted that last week’s survey period did not capture the weekend (5–6 April) and mostly occurred before the latest US tariff announcements.
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 |
