Three-month low for confidence

•  Consumer confidence fell 3.4 points last week to 85.9 points. The four-week moving average fell to 87.3 points.

•  ‘Weekly inflation expectations’ rose 0.2 points to 4.9 per cent, while the four-week moving average remained at 4.9 per cent.

•  ‘Current financial conditions’ (over the last year) ticked down 0.2 points, while ‘future financial conditions’ (next 12 months) declined 8.7 points.

•  ‘Short-term economic confidence’ (next 12 months) eased 2.7 points, and ‘medium-term economic confidence’ (next five years) decreased 6.2 points.

•  The ‘time to buy a major household item’ subindex lifted 0.7 points.

"ANZ-Roy Morgan Australian Consumer Confidence has eased to its lowest level since mid June, declining 3.4 points to 85.9 points," said ANZ Economist Sophia Angala. 

"The decline was broad-based and included the weakest medium-term economic confidence in the last 15 years. Short-term economic confidence also fell to its fifth weakest result in 2025 so far (of 37 results this year). Recession concerns in the US following a deterioration in labour market data may have supported this. However, local forward-looking indicators such as ANZ-Indeed Job Ads point to a resilient labour market and economy in Australia," she said. 

"Renter confidence (on a four-week moving average basis) has been on an uptrend and hit its third-strongest result since early 2023 this week, while outright owner and mortgage-holder confidence have both dropped sharply in the last few weeks."

Download PDF