ANZ-Roy Morgan Consumer Confidence drops 2.1pts to 83.4 to lowest for over six months in week before Federal election
ANZ-Roy Morgan Consumer Confidence dropped 2.1pts to 83.4 in the week early voting started and the week before the Federal election being held later this week. Consumer Confidence is 2.2 points above the same week a year ago, April 22-28, 2024 (81.1), but 2.7pts below the 2025 weekly average of 86.1.
An analysis by State shows mixed results with the weekly decrease driven by falls in Victoria and Queensland, while Consumer Confidence was virtually unchanged in New South Wales and Western Australia and actually increased slightly in South Australia.
A look across the index shows the driver of the weekly decrease were increasing concerns about one’s personal finances over the next 12 months and longer-term worries about the Australian economy.
Current financial conditions
- Fewer than a fifth of Australians, 15% (down 1ppt), say their families are ‘better off’ financially than this time last year (the lowest figure for this indicator for nearly two years since June 2023) compared to 47% (up 1ppt) that say their families are ‘worse off’.
Future financial conditions
- Net views on personal finances over the next year declined as concern about the next 12 months fell with 26% (down 3ppts) of respondents, expecting their family will be ‘better off’ financially this time next year (the lowest figure for this indicator for five years since April 2020 in the early days of the pandemic) while 30% (up 4ppts) expect to be ‘worse off’.
Short-term economic confidence
- Views on the economy over the next year were unchanged this week with one-in-ten Australians, 10% (unchanged) expecting ‘good times’ for the Australian economy over the next twelve months compared to 29% (unchanged), that expect ‘bad times’.
Medium-term economic confidence
- Net sentiment regarding the Australian economy in the longer term dropped this week with 11% (down 1ppt) of Australians expecting ‘good times’ for the economy over the next five years compared to over a fifth, 23% (up 1ppt), expecting ‘bad times’.
Time to buy a major household item
- Net buying intentions declined slightly this week with 22% (unchanged) of Australians saying now is a ‘good time to buy’ major household items compared to 38% (down 2ppts) that say now is a ‘bad time to buy major household items’.
ANZ Economist, Sophia Angala, commented:
ANZ-Roy Morgan Australian Consumer Confidence fell 2.1pts last week to 83.4pts. There was a particularly sharp fall in households’ confidence about their financial conditions over the next year. The subindex is now sitting at its lowest level since mid-July 2024.
Households are also feeling less confident in the economic outlook. We expect growth in the US and China to slow in 2025, following increased economic uncertainty from US tariff announcements. The implications for Australia are likely to flow from the impacts on global growth and local confidence, and it appears that the upward trend in the ANZ-Roy Morgan Australian Consumer Confidence series from rising disposable incomes has been weakened by global uncertainty.
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 |
