Consumer confidence dips

Consumer confidence fell 1.6 points last week to 85.1 points. The four-week moving average ticked down 0.2 points to 86.6 points.

‘Weekly inflation expectations’ lifted 0.2 percentage point to 4.9 per cent, while the four-week moving average fell 0.1 points to 4.8 per cent.

‘Current financial conditions’ (over the last year) decreased 0.7 points, while ‘future financial conditions’ (next 12 months) declined 5.6 points.

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

The ‘time to buy a major household item’ subindex lowered 2.1 points.

"ANZ-Roy Morgan Australian Consumer Confidence declined 1.6 points last week to 85.1 points, the lowest point in the year, so far. The four-week moving average has remained within the tight 86.0-86.9 points range since the beginning of January," ANZ Economist, Sophia Angala said.

"This week’s decline in the series was largely due to a fall in households’ confidence in their personal finances. Both financial conditions subindices fell to a 2025 low, as confidence in the financial outlook over the next year recorded its largest weekly decline since June 2024.

"Meanwhile, households’ confidence in the short- and long-term economic outlook are still above their H2 2024 averages and in the year so far."

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