Original article by Roy Morgan
Market Research Update – Page: Online : 28-May-25

ANZ-Roy Morgan Consumer Confidence fell 1.8pts to 87.0 in the week to 25 May; however, Consumer Confidence is now 6.8 points above the same week a year ago (80.2), and 0.5pts above the 2025 weekly average of 86.5. Analysis by State shows that Consumer Confidence fell in New South Wales, Victoria, Queensland and South Australia, but rose slightly in Western Australia. Now 18% of Australians (unchanged) say their families are ‘better off’ financially than this time last year, while 42% (up 1ppt) say their families are ‘worse off’. Looking forward, 28% (down 2ppts) of Australians expect their family to be ‘better off’ financially this time next year, while 30% (unchanged) expect to be ‘worse off’. Now 13% (down 1ppt) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 29% (up 5ppts) expect ‘bad times’. Meanwhile, 23% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 35% (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