Original article by Roy Morgan
Market Research Update – Page: Online : 14-May-25

ANZ-Roy Morgan Consumer Confidence rose 0.8pts to 88.3 in the week to 11 May, after the Federal Government was re-elected with a two-party preferred swing of around 2.5%. Consumer Confidence is now 8.1 points above the same week a year ago (80.2), and 2pts above the 2025 weekly average of 86.3. Analysis by State shows increases in New South Wales, Victoria and Western Australia, but decreases in South Australia and Queensland. Now 18% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 43% (up 1ppt) say their families are ‘worse off’. Looking forward, 30% (up 2ppts) of Australians expect their family to be ‘better off’ financially this time next year, while 28% (up 1ppt) expect to be ‘worse off’. Now 13% (up 3ppts) of Australians expect ‘good times’ for the Australian economy over the next 12 months (the highest figure for this indicator since April 2022), while 26% (down 1ppt) expect ‘bad times’. Meanwhile, 20% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 36% (down 2ppts) say now is a ‘bad time to buy’ (the lowest figure for this indicator since March 2022).

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