Original article by Roy Morgan
Market Research Update – Page: Online : 19-Feb-25

ANZ-Roy Morgan Consumer Confidence fell 1.6pts to 85.1 in the week to 16 February, due to rising concerns about personal finances and the Australian economy over the next year. Consumer Confidence is now 2.3 points above the same week a year ago (82.8), but 1.6 points below the 2025 weekly average of 86.7. A look at Consumer Confidence by State shows a mixed result, with decreases in Victoria, Western Australia and South Australia, virtually unchanged in New South Wales, and increasing in Queensland. Now 20% of Australians (up 1ppt) say their families are ‘better off’ financially than this time last year, while 50% (up 2ppts) say their families are ‘worse off’ (the highest figure for this indicator so far this year). Looking forward, 32% (down 2ppts) of Australians expect their family to be ‘better off’ financially this time next year (the lowest figure for this indicator so far this year), while 31% (up 3ppts) expect to be ‘worse off’. Now 10% (down 1ppt) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 29% (up 1ppt) expect ‘bad times’. Meanwhile, 24% (down 2ppts) of Australians say now is a ‘good time to buy’ major household items (the lowest figure for this indicator since before the Black Friday sales period), while 45% (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