A soft end to consumer confidence in 2025

Consumer confidence declined 2.0 points last week to 81.5 points. The four-week moving average dropped 0.7 points to 84.4 points.

‘Weekly inflation expectations’ were unchanged at 5.6 per cent, while the four-week moving average increased 0.1 percentage point to 5.6 per cent.

‘Current financial conditions’ (over the last year) fell 1.6 points, while ‘future financial conditions’ (next 12 months) rose 0.4 points.

‘Short-term economic confidence’ (next 12 months) eased 3.1 points, and ‘medium-term economic confidence’ (next five years) was down 1.7 points.

The ‘time to buy a major household item’ subindex decreased 4.1 points.

ANZ-Roy Morgan Australian Consumer Confidence ended 2025 6.0 points lower than at the start of the year. Last week’s decline in confidence was driven by a fall of 4.1 points in the ‘time to buy a major household item’ subindex.

This subindex has dropped 9.7 points over the past fortnight, which may be related to the conclusion of Black Friday sales.

Recent discussion around the risk of an interest rate hike next year plus slightly soft labour market data last week, may have driven the decline in household economic confidence.

Notably, the five-year economic outlook subindex has fallen to a new low in this cycle.

Please note the next ANZ-Roy Morgan Australian Consumer Confidence report will be released on Tuesday 13 January 2026.

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