ECONOMIC INDICATORS – AUSTRALIA

ANZ-Roy Morgan Consumer Confidence up 0.5pts to 87.2 as buying sentiment improves for a second straight week

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Original article by Roy Morgan
Market Research Update – Page: Online : 2-Jul-25

ANZ-Roy Morgan Consumer Confidence rose 0.5pts to 87.2 in the week to 29 June, and is now at its highest since mid-May. Consumer Confidence is now 5.9 points above the same week a year ago (81.3), and just above the 2025 weekly average of 86.5. Analysis by State shows mixed results, with Consumer Confidence up in New South Wales and South Australia, down in Queensland and Western Australia, and unchanged in Victoria. Now 17% of Australians (down 4ppts) say their families are ‘better off’ financially than this time last year, while 45% (up 1ppt) say their families are ‘worse off’. Looking forward, 28% (unchanged) of respondents expect their family to be ‘better off’ financially this time next year, while 33% (up 1ppt) expect to be ‘worse off’. Now just 11% (unchanged) of respondents expect ‘good times’ for the Australian economy over the next 12 months, while 29% (down 1ppt) expect ‘bad times’. Meanwhile, 28% (up 2ppts) of Australians say now is a ‘good time to buy’ major household items (the highest figure for this indicator so far this year), while 31% (down 2ppts) say now is a ‘bad time to buy’ (the lowest figure for this indicator since March 2022).

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

Build times go through the roof

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Original article by Jessica Wang
The Australian – Page: 7 : 2-Jul-25

Analysis by the Institute of Public Affairs shows that it took an average of 12.7 months to build a new home in 2024, from initial approval to completion. This compares with an average of 8.5 months in 2014. The IPA’s analysis of building activity data from the Australian Bureau of Statistics also shows that the cost of building materials has increased by 53 per cent over this period. The IPA’s research director Morgan Begg says all levels of government must take action to address the housing crisis; amongst other things, he has called for a reduction in the migrant intake, less red tape and the release of more land for housing development.

CORPORATES
INSTITUTE OF PUBLIC AFFAIRS LIMITED, AUSTRALIAN BUREAU OF STATISTICS

FY25 the worst year on record for insolvencies

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Original article by Joseph Carbone
The Australian – Page: 13 & 16 : 2-Jul-25

Data from the Australian Securities & Investments Commission shows that a record 14,105 businesses were declared insolvent nationwide during 2024-25, which is 26.8 per cent higher than the previous financial year. The figures, which cover the fiscal year up to to 15 June, also show that the construction sector was hardest-hit, recording 3,417 insolvencies. CreditorWatch’s chief economist Ivan Colhoun says the upturn in insolvencies is at least partly attributable to the Australian Taxation Office’s tougher stance on recovering debts after a period of leniency during the pandemic.

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AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, CREDITOR WATCH PTY LTD

ANZ-Roy Morgan Inflation Expectations increased slightly to 4.7% in mid-June – up from 4.6% for the month of May

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Original article by Roy Morgan
Market Research Update – Page: Online : 25-Jun-25

The weekly ANZ-Roy Morgan Inflation Expectations were 4.7% for the week of 16-22 June, up 0.1% points from the month of May, following a volatile period for the measure in early June. A look at monthly Inflation Expectations for May 2025 shows the measure at 4.6% for the month – a decrease of 0.2% points from April and level with the near four year low reached in February 2025 (4.6%). Looking back over the last year, weekly Inflation Expectations have moved in a band of 4.2% to 5.2% since the start of May 2024 and averaged 4.8%. A look at Monthly Inflation Expectations on a State-based level for May shows mixed results, with an increase in Queensland, an unchanged result in Western Australia and falls in the four other States. The data for the Inflation Expectations series is drawn from the Roy Morgan Single Source, which has interviewed an average of around 5,300 Australians aged 14+ per month over the last decade, and includes interviews with 4,090 Australians aged 14+ in May 2025.

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

ANZ-Roy Morgan Consumer Confidence up 1.3pts to 86.7, driven by improving buying sentiment amid Mid-Winter Sales

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Original article by Roy Morgan
Market Research Update – Page: Online : 25-Jun-25

ANZ-Roy Morgan Consumer Confidence rose 1.3pts to 86.7 in the week to 22 June, rebounding from last week’s fall to return to the level of two weeks ago despite the continued conflict between Israel and Iran in the Middle East. Consumer Confidence is now 6.3 points above the same week a year ago (80.4), and it is just above the 2025 weekly average of 86.4. Analysis by State shows mixed results, with Consumer Confidence up in Victoria and Queensland, unchanged in New South Wales and Western Australia, and unchanged in South Australia. Now 21% of Australians (up 1ppt) say their families are ‘better off’ financially than this time last year, while 44% (up 1ppt) say their families are ‘worse off’. Looking forward, 28% (up 1ppt) of Australians expect their family to be ‘better off’ financially this time next year, while 32% (down 2ppts) expect to be ‘worse off’. Now just 11% (unchanged) of respondents expect ‘good times’ for the Australian economy over the next 12 months, while 30% (also unchanged) expect ‘bad times’. Meanwhile, 26% (up 3ppts) of Australians say now is a ‘good time to buy’ major household items, while 33% (down 1ppt) say now is a ‘bad time to buy’ (the lowest figure for this indicator since April 2022).

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

Roy Morgan Business Confidence increases modestly after the Albanese Government’s decisive election win

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Original article by Roy Morgan
Market Research Update – Page: Online : 12-Jun-25

In May 2025, Roy Morgan Business Confidence increased by 2.9pts to 99.6 in the weeks after last month’s Federal Election, although it is still marginally below the neutral level of 100. Business Confidence had dropped by 2.9 points in the weeks after the previous Federal Election in late May 2022. Business Confidence is now 10.5pts below the long-term average of 110.1, although it is up 2.6pts from May 2024. Now 22.5% (down 1.8ppts) of businesses says their business is ‘better off’ financially than this time a year ago (the lowest figure for this indicator since August 2020, during the pandemic), while 36% (down 0.7ppts) say the business is ‘worse off’. Meanwhile, 32.3% (down 3.7ppts) expect the business will be ‘better off’ financially this time next year (the lowest figure for this indicator since August 2015), while 23.5% (down 2.1ppts) expect the business will be ‘worse off’. The latest Roy Morgan Business Confidence results for May are based on 1,218 detailed interviews with a cross-section of Australian businesses from each State and Territory.

CORPORATES
ROY MORGAN LIMITED

ANZ-Roy Morgan Consumer Confidence virtually unchanged at 86.7, but net buying sentiment improves to strongest since April 2022 as End of Financial Year sales begin

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Original article by Roy Morgan
Market Research Update – Page: Online : 12-Jun-25

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 86.7 in the week to 8 June; Consumer Confidence is now 9.7 points above the same week a year ago (77.0), and in line with the 2025 weekly average of 86.5. Analysis by State shows mixed results, with Consumer Confidence increasing in New South Wales and Western Australia, but down slightly in Victoria, Queensland and South Australia – a reversal of last week’s results. Now 20% of Australians (up 2ppts) say their families are ‘better off’ financially than this time last year, while 42% (unchanged) say their families are ‘worse off’. Looking forward, 25% (down 1ppt) of Australians expect their family to be ‘better off’ financially this time next year (the lowest figure for this indicator since late March 2020, at the beginning of the pandemic), while 30% (down 1ppt) expect to be ‘worse off’. Now 12% (down 2ppts) of respondents expect ‘good times’ for the Australian economy over the next 12 months, while 30% (up 2ppts) expect ‘bad times’. Meanwhile, 25% (up 2ppts) of Australians say now is a ‘good time to buy’ major household items, while 34% (down 2ppts) 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 down 0.6pts to 86.4 as Reserve Bank interest rate cut fails to increase confidence

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Original article by Roy Morgan
Market Research Update – Page: Online : 4-Jun-25

ANZ-Roy Morgan Consumer Confidence fell 0.6pts to 86.4 in the week to 1 June; however, Consumer Confidence is now 5.9 points above the same week a year ago (80.5), and in line with the 2025 weekly average of 86.5. Analysis by State shows mixed results, with Consumer Confidence dropping in New South Wales and Western Australia, but up slightly in Victoria, Queensland and South Australia. Now 18% of Australians (unchanged) say their families are ‘better off’ financially than this time last year, while 42% (also unchanged) say their families are ‘worse off’. Looking forward, 26% (down 2ppts) of Australians expect their family to be ‘better off’ financially this time next year, while 31% (up 1ppt) expect to be ‘worse off’. Now 14% (up 1ppt) of respondents expect ‘good times’ for the Australian economy over the next 12 months, while 28% (down 1ppt) expect ‘bad times’. Meanwhile, 23% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 36% (up 1ppt) 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 down 1.8pts to 87.0 in the week the RBA cut interest rates to 3.85%

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Original article by Roy Morgan
Market Research Update – Page: Online : 28-May-25

ANZ-Roy Morgan Consumer Confidence fell 1.8pts to 87.0 in the week to 25 May; however, Consumer Confidence is now 6.8 points above the same week a year ago (80.2), and 0.5pts above the 2025 weekly average of 86.5. Analysis by State shows that Consumer Confidence fell in New South Wales, Victoria, Queensland and South Australia, but rose slightly in Western Australia. Now 18% of Australians (unchanged) say their families are ‘better off’ financially than this time last year, while 42% (up 1ppt) say their families are ‘worse off’. Looking forward, 28% (down 2ppts) of Australians expect their family to be ‘better off’ financially this time next year, while 30% (unchanged) expect to be ‘worse off’. Now 13% (down 1ppt) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 29% (up 5ppts) expect ‘bad times’. Meanwhile, 23% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 35% (down 2ppts) say now is a ‘bad time to buy’ (the lowest figure for this indicator since March 2022).

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

ANZ-Roy Morgan Inflation Expectations dropped to 4.5% in mid-May – down from 4.8% for the month of April

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Original article by Roy Morgan
Market Research Update – Page: Online : 21-May-25

The weekly ANZ-Roy Morgan Inflation Expectations were 4.5% for the week of 12-18 May, down 0.3% points from the month of April, following two straight weekly declines in early May. However, a look at monthly Inflation Expectations for April shows the measure at 4.8% for the month – a second consecutive monthly increase of 0.1% points from the nearly four-year low in February of 4.6%. Looking back over the last year, weekly Inflation Expectations have moved in a band of 4.2% to 5.2% since the start of May 2024, and averaged 4.8%. The data for the Inflation Expectations series is drawn from the Roy Morgan Single Source, which has interviewed an average of around 5,300 Australians aged 14+ per month over the last decade, and includes interviews with 5,129 Australians aged 14+ in April 2025.

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