ECONOMIC INDICATORS – AUSTRALIA

Roy Morgan Business Confidence jumps 5.2pts to 81.7 – before RBA raises interest rates; highest since March

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

In October 2026 Roy Morgan Business Confidence rose 5.2 points to 81.7; it is the largest jump this year, and Business Confidence is now at its highest level since March. However, Business Confidence is 20 points lower than a year ago. Now 23% (down 3ppts) of respondents say their business is ‘better off’ financially than a year ago, while 44.3% (up 1.6ppts) say the business is ‘worse off’. Some 35% (up 4.7ppts) of respondents expect the business to be ‘better off’ financially this time next year, while 32.1% (down 4ppts) expect the business to be ‘worse off’. Meanwhile, 30% (up 3.1ppts) of respondents say the next 12 months will be a ‘good time to invest’ in growing the business, while 48.1% (down 0.9ppts) say the next 12 months will be a ‘bad time to invest’.

CORPORATES
ROY MORGAN LIMITED

ANZ-Roy Morgan Consumer Confidence drops 3.1pts to 63.1 – lowest for seven months after RBA raises interest rates to 4.85%

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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’.

CORPORATES
ROY MORGAN LIMITED, ANZ GROUP HOLDINGS LIMITED – ASX ANZ

Business to PM: Act now, act big

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Original article by Greg Brown, Matthew Cranston
The Australian – Page: 1 & 4 : 11-Nov-26

Sources have indicated that the federal government is unlikely to pursue a major change of strategy in next month’s mid-year budget update. However, the Business Council of Australia has called for a range of measures in the budget update, including an annual real spending growth cap of two per cent and a 25 per cent reduction in red tape. The Australian Institute of Company Directors’ CEO Mark Rigotti in turn has urged Labor to accelerate its deregulation agenda in order to boost productivity. The AICD’s latest Director Sentiment Index shows that 90 per cent of company directors expect cost pressures to worsen over the next year, while ANZ-Roy Morgan Consumer Confidence has fallen to its third-lowest point since the survey began in 1973.

CORPORATES
BUSINESS COUNCIL OF AUSTRALIA, AUSTRALIAN INSTITUTE OF COMPANY DIRECTORS, AUSTRALIAN LABOR PARTY, ANZ GROUP HOLDINGS LIMITED – ASX ANZ, ROY MORGAN LIMITED

ANZ-Roy Morgan Consumer Confidence drops 1.7pts to 66.2 in early November before the Reserve Bank meeting

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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’.

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

ANZ-Roy Morgan Consumer Confidence virtually unchanged at 67.9 in late October; fourth straight week below 70

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Original article by Roy Morgan
Market Research Update – Page: Online : 28-Oct-26

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 67.9 in the week to 25 October. However, Consumer Confidence is now 17.9pts lower than a year ago (85.8), and just 4pts below the 2026 weekly average of 71.9. Analysis by State shows that Consumer Confidence has increased slightly in New South Wales, Queensland, Western Australia and South Australia, but decreased slightly in Victoria. Now 16% of Australians (up 1ppt) say their families are ‘better off’ financially than this time last year, while 52% (down 4ppts) 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 42% (down 2ppts) expect to be ‘worse off’. Only 5% (unchanged) of respondents expect ‘good times’ for the Australian economy over the next year, while 47% (down 2ppts) expect ‘bad times’. Meanwhile, 14% (down 3ppts) of Australians say now is a ‘good time to buy’ major household items, while 48% (up 4ppts) say now is a ‘bad time to buy’.

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

In September 2026 risk of mortgage stress was 31.8%; up a large 7.9% points since January

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Original article by Roy Morgan
Market Research Update – Page: Online : 28-Oct-26

Research from Roy Morgan shows that 31.8% of mortgage holders were ‘At Risk’ of ‘mortgage stress’ in the three months to September 2026 (down 0.5% points from August). This is equivalent to 1,750,000 people (up 566,000 so far this year). The number of Australians who are ‘At Risk’ of mortgage stress is up 389,000 on a year ago, after the Reserve Bank raised interest rates four times over the last 12 months. Meanwhile, the number of Australians who are considered to be ‘Extremely At Risk’ of mortgage stress is now numbered at a record high of 1,262,000 (23% of mortgage holders); this is significantly above the long-term average over the last two decades of 16.5%. These are the latest findings from Roy Morgan’s Single Source Survey, based on in-depth interviews conducted with over 60,000 Australians each year including over 10,000 owner-occupied mortgage-holders.

CORPORATES
ROY MORGAN LIMITED, RESERVE BANK OF AUSTRALIA

Mortgage burden surges to highest in three decades

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Original article by Madeleine Bower
The Australian Financial Review – Page: 6 : 14-Oct-26

New data shows that the proportion of household income nationwide that is spent on mortgage repayments is at or close to its highest level in more than three decades. The figures show that mortgage repayments accounted for nearly 31 per cent of household income in NSW during June, and more than 28 per cent for Queensland residents and about 22 per cent for homeowners in Victoria. The data compiled by the NSW Treasury, and is based on figures from the Australian Bureau of Statistics, Cotality and the Household, Income and Labour Dynamics in Australia (HILDA) survey.

CORPORATES
NEW SOUTH WALES. THE TREASURY, AUSTRALIAN BUREAU OF STATISTICS, COTALITY

ANZ-Roy Morgan Consumer Confidence up 0.9pts to 68, small recovery after three weeks of falls

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Original article by Roy Morgan
Market Research Update – Page: Online : 14-Oct-26

ANZ-Roy Morgan Consumer Confidence rose 0.9pts to 68 in the week to 11 October, recovering slightly after falling by 6.8pts over the previous three weeks. However, Consumer Confidence is now 15pts lower than a year ago (83), and 4.1pts below the 2026 weekly average of 72.1. Analysis by State shows that Consumer Confidence has increased in New South Wales and Victoria, fallen in Queensland and Western Australia, and is virtually unchanged in South Australia. Now 15% of Australians (unchanged) say their families are ‘better off’ financially than this time last year, while 55% (down 1ppt) 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 42% (down 3ppts) expect to be ‘worse off’. Only 5% (unchanged) of respondents expect ‘good times’ for the Australian economy over the next 12 months, while 45% (down 1ppt) expect ‘bad times’. Meanwhile, just 14% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 47% (also unchanged) say now is a ‘bad time to buy’.

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

Australian real unemployment drops 1.1% to 10.6%, driven by an increase in employment and a decline in the workforce

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Original article by Roy Morgan
Market Research Update – Page: Online : 14-Oct-26

In September 2026, Australian ‘real unemployment’ fell 1.1% to 10.6% (down 181,000 to 1,667,000); this is the lowest since April. In addition to the unemployed, a further 1.37 million Australians (8.8% of the workforce, down 0.3%) were under-employed, down 71,000. In total, 3.04 million Australians (19.4% of the workforce, down 1.4%) were either unemployed or under-employed in September. Meanwhile, overall employment increased by 49,000 to 14,005,000 in September; the increase was driven by a rise in part-time employment (up 102,000 to 5,046,000, and equivalent to 36% of employed Australians). In contrast, full-time employment was down 53,000 to 8,959,000 (equivalent to 64% of employed Australians). Roy Morgan estimates the overall workforce size (which adds together the employed and unemployed) at 15,672,000 in September, down 132,000 on a month ago, and representing 66.6% (down 0.7%) of Australians aged 14+. The September Roy Morgan Unemployment estimates were obtained by surveying an Australia-wide cross section of people aged 14+.

CORPORATES
ROY MORGAN LIMITED

ANZ-Roy Morgan Consumer Confidence down 3.4pts to 67.1 – lowest since May after RBA raises interest rates to 15-year high

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Original article by Roy Morgan
Market Research Update – Page: Online : 7-Oct-26

ANZ-Roy Morgan Consumer Confidence fell 3.4pts to 67.1 in the week to 4 October, which is its lowest rating since late May. Consumer Confidence is now 18pts lower than a year ago (85.1), and 5.1pts below the 2026 weekly average of 72.2. Analysis by State shows that Consumer Confidence has decreased in the four largest States of New South Wales, Victoria, Queensland and Western Australia, but is up slightly in South Australia. Now 15% of Australians (down 2ppts) say their families are ‘better off’ financially than this time last year, while 56% (up 6ppts) say their families are ‘worse off’. Looking forward, 20% (unchanged) of respondents expect their family to be ‘better off’ financially this time next year, while 45% (up 2ppts) expect to be ‘worse off’. Only 5% (down 1ppt) of respondents expect ‘good times’ for the Australian economy over the next 12 months, while 46% (up 2ppts) expect ‘bad times’. Meanwhile, just 14% (down 2ppts) of Australians say now is a ‘good time to buy’ major household items, while 47% (up 3ppts) say now is a ‘bad time to buy’.

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