Original article by Roy Morgan
Market Research Update – Page: Online : 22-Jan-25

ANZ-Roy Morgan Consumer Confidence fell 1.3pts to 85.8 in the week to 19 January. However, Consumer Confidence is now 1.4 points above the same week a year ago (84.4), and 2.9 points above the 2024 weekly average of 82.9. A look at Consumer Confidence by State shows decreases in New South Wales, Victoria and Queensland, whilst remaining unchanged in Western Australia and South Australia. Now 21% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 48% (down 1ppt) say their families are ‘worse off’. Looking forward, 34% (unchanged) of Australians expect their family to be ‘better off’ financially this time next year, while 31% (up 3ppt) expect to be ‘worse off’. Now 9% (down 1ppt) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 27% (down 2ppts) expect ‘bad times’. Meanwhile, 25% (down 2ppts) of Australians say now is a ‘good time to buy’ major household items, while 46% (unchanged) say now is a ‘bad time to buy’.

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ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ