Original article by Roy Morgan
Market Research Update – Page: Online : 12-Feb-25

ANZ-Roy Morgan Consumer Confidence fell 1.8pts to 86.7 in the week to 9 February, with rising concerns about the Australian economy driving the decline. Consumer Confidence is now 4.1 points above the same week a year ago (82.6), and just 0.2 points below the 2025 weekly average of 86.9. A look at Consumer Confidence by State shows decreases in New South Wales, Victoria, Queensland, and South Australia, while the index increased sharply in Western Australia. Now 19% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year (the lowest figure for this indicator since July 2024), while 48% (up 2ppts) say their families are ‘worse off’. Looking forward, 34% (up 1ppt) of Australians expect their family to be ‘better off’ financially this time next year, while 28% (unchanged) expect to be ‘worse off’. Now 11% (unchanged) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 28% (up 1ppt) expect ‘bad times’. Meanwhile, 26% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 44% (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