Original article by Roy Morgan
Market Research Update – Page: Online : 30-Jan-25

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 86.0 in the week to 26 January. Consumer Confidence is now 3.5 points above the same week a year ago (82.5), and 3.1 points above the 2024 weekly average of 82.9. A look at Consumer Confidence by State shows increases in the two largest States of New South Wales and Victoria, but declines elsewhere in Queensland, Western Australia, and South Australia. Now 20% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 48% (unchanged) 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 29% (down 2ppts) expect to be ‘worse off’. Now 10% (up 1ppt) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 27% (unchanged) expect ‘bad times’. Meanwhile, 25% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 47% (up 1ppt) say now is a ‘bad time to buy’.

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