The ANZ-Roy Morgan Consumer Confidence index reported a negligible change this week, settling at 82.8.
This consistency marks the index’s prolonged 61-week run below the 85 threshold, despite being 4.6 points higher than the same period last year. The current figure closely mirrors the 2024 weekly average of 83, indicating a stable yet cautious consumer outlook across Australia.
“ANZ-Roy Morgan Australian Consumer Confidence declined slightly last week, maintaining the 80-85 range for 15 consecutive weeks,” said Catherine Birch (pictured above), ANZ senior economist, highlighting the role of rising inflation expectations, now at 5.2%.
Confidence for those with mortgages increased by 1.2 points to 80, remained stable at 81.7 points for renters, and dropped by 2.1 points to 86 for those who own their homes outright, Birch said.
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Consumer confidence saw mixed reactions across states, with New South Wales experiencing a downturn, while Victoria, Queensland, and South Australia witnessed increases. Western Australia’s sentiment remained largely unchanged.
A mere 20% (down 1ppt)) of Australians believe they are better off financially compared to last year, a slight decline from previous figures. The majority, 52% (unchanged), feel worse off.
Expectations for the coming year are evenly split, with 34% (unchanged) optimistic about their financial prospects and 33% (up 2ppts) anticipating harder times ahead.
Short-term economic confidence saw a marginal increase, with 11% (up 1ppt) of Australians optimistic about the next 12 months. However, 31% (down 1ppt) remain pessimistic about the immediate economic future.
Long-term views remained steady, with 14% (down 1ppt) expecting positive economic conditions over the next five years, against 20% (down 1ppt) preparing for difficulties.
Buying intentions remained steady this week, with 22% (up 1ppt) of Australians indicating it’s a good time to buy major household items. Conversely, 51% believe it's a bad time to purchase (1ppt).
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