Original article by Roy Morgan
Market Research Update – Page: Online : 7-May-25

ANZ-Roy Morgan Consumer Confidence rose 4.1pts to 87.5 in the week to 4 May; it is important to note that the vast majority of interviewing for Consumer Confidence was completed before the result of the Federal Election was known on Saturday night. Consumer Confidence is now 7 points above the same week a year ago (80.5), and 1.3pts above the 2025 weekly average of 86.2. Analysis by State shows increases around Australia, including in New South Wales, Victoria, Queensland and South Australia, but a slight decrease in Western Australia. Now 19% of Australians (up 4ppts) say their families are ‘better off’ financially than this time last year, while 42% (down 5ppts) say their families are ‘worse off’ (the lowest figure for this indicator since September 2022). Looking forward, 28% (up 2ppts) of Australians expect their family to be ‘better off’ financially this time next year, while 27% (down 3ppts) expect to be ‘worse off’. Now 10% (unchanged) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 27% (down 2ppts) expect ‘bad times’. Meanwhile, 20% (down 2ppts) of Australians say now is a ‘good time to buy’ major household items, while 38% (unchanged) say now is a ‘bad time to buy’.

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