Consumer confidence ticked down 0.1 points last week to 70.7 points. The four-week moving average lifted 1.1 points to 69.1 points.
‘Weekly inflation expectations’ fell 0.1 percentage point to 6.0 per cent, while the four-week moving average was unchanged at 6.0 per cent.
'Current financial conditions’ (over the last year) increased 2.6 points, while ‘future financial conditions’ (next 12 months) was up 0.2 points.
‘Short-term economic confidence’ (next 12 months) eased 1.3 points, and ‘medium-term economic confidence’ (next five years) decreased 2.8 points.
The ‘time to buy a major household item’ subindex rose 0.9 points.
"ANZ-Roy Morgan Australian Consumer Confidence was broadly unchanged last week, declining by just 0.1 points to 70.7 points. On a four-week moving average basis, confidence is at a 12-week high, but remains well below the neutral 100 level," ANZ Economist Sophia Angala, said.
"Households are feeling more confident about their personal finances, with the ‘future financial conditions’ subindex at its highest level since the survey week ending 1 March 2026 (the last survey period that largely occurred prior to the Middle East conflict).
"The ‘time to buy a major household item’ index recorded its fifth consecutive weekly rise, likely supported by end-of-financial-year sales events. Meanwhile, confidence in economic conditions weakened, as the conflict in the Middle East escalated during the week.
"Given the recent rise in the unemployment rate, the soft trend in household spending, housing market weakness, and the historically low level of confidence, we expect the RBA will keep the cash rate on hold at 4.35 per cent at its meeting today.'"
For media enquiries contact:
Siobhan Jordan
Senior Manager, Media Relations
+61 403 988 326