ANZ-Roy Morgan Australian Consumer Confidence

The latest ANZ-Roy Morgan Australian Consumer Confidence data shows consumer confidence has risen 1.3 points last week to 85.5 points, with the four-week moving average growing 0.3 points to 85.5 points. 

‘Weekly inflation expectations’ also lifted 0.3 percentage points to 4.9 per cent. while the four-week moving average was steady at 4.7 per cent. 

ANZ Economist Sophia Angala said, ‘Consumer confidence, on a four-week moving average basis, has remained within a tight 85–88pts range since late October 2024. It seems that the upward pressure on confidence from improving domestic incomes is being offset by increasing risk in global economic activity from ongoing tariff announcements.   

Alongside the 0.3ppt rise in ‘Weekly inflation expectations’ last week, global trade uncertainty is likely continuing to impact household confidence.