Consumer confidence small decline

Consumer confidence fell 1.8 points last week to 86.7 points. The four-week moving average ticked down 0.1 points to 86.8 points.

‘Weekly inflation expectations’ lifted 0.1 percentage point to 4.7 per cent, while the four-week moving average fell 0.1 points to 4.9 per cent.

‘Current financial conditions’ (over the last year) decreased 2.7 points, while ‘future financial conditions’ (next 12 months) rose 0.8 points.

‘Short-term economic confidence’ (next 12 months) declined 2.0 points and ‘medium-term economic confidence’ (next five years) dropped 3.8 points.

The ‘time to buy a major household item’ subindex lowered 0.9 points.

"ANZ-Roy Morgan Australian Consumer Confidence declined 1.8 points last week to 86.7 points, a pullback from the 32-month high the week prior," ANZ Economist, Sophia Angala said.

"Most subindices fell in the week, but only one is below its second half 2024 average: households’ confidence in their current financial conditions is at its lowest level since late September. Household confidence on the economic outlook and their finances over the coming year are still well above the second half 2024 average. The ‘time to buy a major household item’ subindex lowered 0.9 points last week to 81.8 points but the series is up 12.1 points since the introduction of Stage 3 tax cuts in July.

"The headline Consumer Confidence series has lifted 7.7 points over the same period, and alongside stronger than expected fourth quarter retail volume data last week, this suggests the recovery of the consumer is in motion".

Download PDF

Media contact

Judy Hang

+61 479 173 821