Original article by Roy Morgan
Market Research Update – Page: Online : 3-Jun-26

ANZ-Roy Morgan Consumer Confidence rose 2.7 points to 68.8 in the week to 31 May; this is the highest result since early March. However, Consumer Confidence is 17.6pts lower than a year ago (86.4), but just 2.4pts below the 2026 weekly average of 71.2. Analysis by State shows that Consumer Confidence increased in Victoria, Western Australia and South Australia, but was unchanged in both New South Wales and Queensland. Now just 14% of Australians (up 1ppt) say their families are ‘better off’ financially than this time last year, while 54% (down 2ppts) say their families are ‘worse off’. Looking forward, 18% (down 2ppts) of respondents expect their family to be ‘better off’ financially this time next year, while 43% (down 4ppts) expect to be ‘worse off’. Only 6% (up 1ppt) of respondents expect ‘good times’ for the Australian economy over the next 12 months, while 44% (down 3ppts) expect ‘bad times’. Meanwhile, just 16% (up 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 45% (down 3ppts) say now is a ‘bad time to buy’.

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