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

ANZ-Roy Morgan Consumer Confidence fell 2.1pts to 87.7 in the week to 2 March, after a significant increase the week before following the Reserve Bank’s decision to cut official interest rates. However, Consumer Confidence is now 6.1 points above the same week a year ago (81.0), but only 0.6 points above the 2025 weekly average of 87.1. A look at Consumer Confidence by State shows decreases in New South Wales, Queensland, and Western Australia, but small increases in Victoria and South Australia. Now 23% of Australians (up 1ppt) say their families are ‘better off’ financially than this time last year, while 47% (up 3ppts) say their families are ‘worse off’. Looking forward, 34% (down 3ppts) of Australians expect their family to be ‘better off’ financially this time next year, while 29% (up 2ppts) expect to be ‘worse off’. Now 10% (down 1ppt) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 26% (unchanged) expect ‘bad times’. Meanwhile, 24% (unchanged) of Australians say now is a ‘good time to buy’ major household items (the equal lowest figure for this indicator since before the Black Friday sales period), while 44% (also 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