Original article by Roy Morgan
Market Research Update – Page: Online : 11-Nov-26

ANZ-Roy Morgan Consumer Confidence fell 3.1pts to 63.1 in the week to 8 November, to its lowest level since early April. Consumer Confidence is now 20.4pts lower than a year ago (84.5), and 8.5pts below the 2026 weekly average of 71.6. Analysis by State shows that Consumer Confidence has fallen in Victoria, Queensland and Western Australia, but increased slightly in New South Wales and South Australia. Now just 12% of Australians (down 2ppts) say their families are ‘better off’ financially than this time last year, while 61% (up 5ppts) say their families are ‘worse off’ (a record high figure for this indicator). Looking forward, 17% (down 2ppts) of respondents expect their family to be ‘better off’ financially this time next year (an equal record low figure for this indicator), while 49% (up 5ppts) expect to be ‘worse off’. Only 4% (down 1ppt) of respondents expect ‘good times’ for the Australian economy over the next year, while 49% (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, ANZ GROUP HOLDINGS LIMITED – ASX ANZ