Original article by Roy Morgan
Market Research Update – Page: Online : 5-Feb-25

ANZ-Roy Morgan Consumer Confidence rose 2.5pts to 88.5 in the week to 2 February. Consumer Confidence is now 4.7 points above the same week a year ago (83.8), and 1.5 points above the 2025 weekly average of 87.0. A look at Consumer Confidence by State shows increases in Victoria, Queensland, Western Australia, and South Australia while the index was virtually unchanged in New South Wales. Now 20% of Australians (unchanged) say their families are ‘better off’ financially than this time last year, while 46% (down 2ppts) say their families are ‘worse off’. Looking forward, 33% (down 1ppt) of Australians expect their family to be ‘better off’ financially this time next year, while 28% (down 1ppt) expect to be ‘worse off’. Now 11% (up 1ppt) of Australians expect ‘good times’ for the Australian economy over the next 12 months (the highest figure for this indicator since July 2024), while 27% (unchanged) expect ‘bad times’. Meanwhile, 27% (up 2ppts) of Australians say now is a ‘good time to buy’ major household items, while 44% (down 3ppts) say now is a ‘bad time to buy’.

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