ANZ-Roy Morgan Consumer Confidence down 0.6pts to 86.4 as Reserve Bank interest rate cut fails to increase confidence

Original article by Roy Morgan
Market Research Update – Page: Online : 4-Jun-25

ANZ-Roy Morgan Consumer Confidence fell 0.6pts to 86.4 in the week to 1 June; however, Consumer Confidence is now 5.9 points above the same week a year ago (80.5), and in line with the 2025 weekly average of 86.5. Analysis by State shows mixed results, with Consumer Confidence dropping in New South Wales and Western Australia, but up slightly in Victoria, Queensland and South Australia. Now 18% of Australians (unchanged) say their families are ‘better off’ financially than this time last year, while 42% (also unchanged) say their families are ‘worse off’. Looking forward, 26% (down 2ppts) of Australians expect their family to be ‘better off’ financially this time next year, while 31% (up 1ppt) expect to be ‘worse off’. Now 14% (up 1ppt) of respondents expect ‘good times’ for the Australian economy over the next 12 months, while 28% (down 1ppt) expect ‘bad times’. Meanwhile, 23% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 36% (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

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