Original article by Roy Morgan
Market Research Update – Page: Online : 21-May-25

ANZ-Roy Morgan Consumer Confidence rose 0.5pts to 88.8 in the week to 18 May; Consumer Confidence is now 6.8 points above the same week a year ago (82.0), and 2.4pts above the 2025 weekly average of 86.4. Analysis by State shows mixed results with Consumer Confidence rising in Queensland and South Australia, but down slightly in New South Wales, Victoria and Western Australia. Now 18% of Australians (unchanged) say their families are ‘better off’ financially than this time last year, while 41% (down 2ppts) say their families are ‘worse off’. Looking forward, 30% (unchanged) of Australians expect their family to be ‘better off’ financially this time next year, while 30% (up 2ppts) expect to be ‘worse off’. Now 14% (up 1ppt) of Australians expect ‘good times’ for the Australian economy over the next 12 months (the highest figure for this indicator since February 2022), while 24% (down 2ppts) expect ‘bad times’ (the lowest figure for this indicator since February 2022). Meanwhile, 23% (up 3ppts) of Australians say now is a ‘good time to buy’ major household items, while 37% (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