Consumer confidence lifts again

Consumer confidence rose 1.1 points last week to 85.3 points. The four-week moving average fell 0.6 points to 85.1 points.

‘Weekly inflation expectations’ declined 0.2 percentage point to 4.7 per cent, while the four-week moving average ticked up 0.1 percentage point to 4.8 per cent.

‘Current financial conditions’ (over the last year) increased 4.6 points, while ‘future financial conditions’ (next 12 months) decreased 0.7 points.

‘Short-term economic confidence’ (next 12 months) jumped 4.0 points, and ‘medium-term economic confidence’ (next five years) lowered 2.5 points.

The ‘time to buy a major household item’ subindex lifted 0.4 points.

"ANZ-Roy Morgan Australian Consumer Confidence increased 1.1 points last week to 85.3 points, but was still below its 2025 average," ANZ Economist, Sophia Angala said.

"There were strong increases in households’ confidence in their current finances and economic conditions over the next year, after consecutive falls in these indices over the previous two weeks.

"Weekly inflation expectations fell to 4.7 per cent following last week’s softer-than-expected monthly consumer price index data, which printed at 2.4 per cent year on year in February.

"On a four-week moving average basis, renter confidence continues to trend up, while outright homeowner and mortgage holder confidence are down. Outright homeowner confidence has fallen sharply through 2025 so far."

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