There has been a revival in the ANZ-Roy Morgan Consumer Confidence over the last week, lifting 1.3 points to 85.5.
This came as the Australian Dollar and the ASX 200 share market strengthened significantly in the same time frame.
According to Market Index, the Aussie dollar is currently sitting at $0.6367 against the US dollar, up from a stark low earlier this month at $0.5955.
Meanwhile the ASX 200 – consisting of the top 200 listed business, including retail apparel companies such as Premier Investments and Super Retail Group – shot up on Wednesday morning this week to a high of 7,946.00 before stabilising to 7,932.40 at the time of writing. It is currently up 2.3 per cent over the last five days.
ANZ economist Sophia Angala said the recent shoot up of consumer confidence is a reversal of falling confidence about the 12-month outlook in the previous week.
“Consumer confidence, on a four-week moving average basis, has remained within a tight 85–88pts range since late October 2024,” Angala said. “It seems that the upward pressure on confidence from improving domestic incomes is being offset by increasing risk in global economic activity from ongoing tariff announcements.
“Alongside the 0.3ppt rise in ‘Weekly inflation expectations’ last week, global trade uncertainty is likely continuing to impact household confidence.”
Consumer confidence is now 5.2 points above the same week a year ago, but is 0.8 points below the 2025 weekly average of 86.3.
A look across the index shows the driver of the weekly increase were fewer worries about the next 12 months in terms of both personal finances and the performance of the Australian economy.
Fewer than a fifth of Australians (16 per cent - down 4ppts) say their families are ‘better off’ financially than this time last year compared to 46 per cent (down 1ppt) that say their families are ‘worse off’.
Net views on personal finances over the next year improved as concern about the next 12 months fell, with 29 per cent (up 1ppt) of respondents expecting their family will be ‘better off’ financially this time next year while 26 per cent (down 4ppts) expect to be ‘worse off’. The latter is the lowest figure for this indicator for nearly three years since May 2022.
Views on the economy over the next year also improved this week with 10 per cent of Australians (unchanged) expecting ‘good times’ for the Australian economy over the next twelve months compared to 29 per cent (down 4ppts) that expect ‘bad times’.
Net sentiment regarding the Australian economy in the longer term was unchanged this week with 12 per cent (unchanged) of Australians expecting ‘good times’ for the economy over the next five years compared to 22 per cent (unchanged) expecting ‘bad times’.
Meanwhile, buying intentions were also unchanged this week with 22 per cent (unchanged) of Australians saying now is a ‘good time to buy’ major household items compared to 40 per cent (unchanged) that say now is a ‘bad time to buy major household items’.
Across the states, Queensland and Western Australia reported rises in consumer confidence, with confidence unchanged in Victoria and down slightly in New South Wales and Victoria.