Original article by Roy Morgan
Market Research Update – Page: Online : 13-May-26

ANZ-Roy Morgan Consumer Confidence fell 3.1pts to 64.1 in the week to 10 May; this is the fourth-lowest Consumer Confidence reading in the history of the index stretching back to 1972. Consumer Confidence is now 20.3pts lower than a year ago (87.5), and 5.1pts below the 2026 weekly average of 72.3. Analysis by State shows that Consumer Confidence dropped in New South Wales, Victoria, Queensland and South Australia, but increased slightly in Western Australia. Now just 14% of Australians (down 2ppt) say their families are ‘better off’ financially than this time last year, while 56% (up 2ppts) say their families are ‘worse off’. Looking forward, 19% (down 1ppt) of respondents expect their family to be ‘better off’ financially this time next year, while 45% (up 2ppts) expect to be ‘worse off’. Only 4% (down 1ppt) of respondents expect ‘good times’ for the Australian economy over the next 12 months, while 48% (unchanged) expect ‘bad times’. Meanwhile, just 13% (down 2ppts) of Australians say now is a ‘good time to buy’ major household items, while 53% (up 2ppts) say now is a ‘bad time to buy’.

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