Original article by Roy Morgan
Market Research Update – Page: Online : 4-Nov-26

ANZ-Roy Morgan Consumer Confidence fell 1.7pts to 66.2 in the week to 1 November, to its lowest level since late May. Consumer Confidence is now 18.3pts lower than a year ago (84.5), and 5.6pts below the 2026 weekly average of 71.8. Analysis by State shows that Consumer Confidence has fallen in New South Wales, Queensland, Western Australia and South Australia, but increased slightly in Victoria, reversing the results of a week ago. Now just 14% of Australians (down 2ppts) say their families are ‘better off’ financially than this time last year, while 56% (up 4ppts) say their families are ‘worse off’. Looking forward, 19% (unchanged) of respondents expect their family to be ‘better off’ financially this time next year, while 44% (up 2ppts) expect to be ‘worse off’. Only 5% (unchanged) of respondents expect ‘good times’ for the Australian economy over the next year, while 48% (up 1ppt) expect ‘bad times’. Meanwhile, 14% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 48% (also unchanged) say now is a ‘bad time to buy’.

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