ANZ-Roy Morgan Consumer Confidence increased 2.9pts to 87.1 over the last week, bumping up ahead of Black Friday/Cyber Monday.
Consumer confidence is now 1.4 points higher than a year ago, and is 0.7 points above the 2025 weekly average of 86.4.
The index was driven up thanks to improving sentiment in buying major household items, likely due to the upcoming peak sales period. Recent estimates by Roy Morgan in partnership with the Australian Retailers’ Association show that BF/CM sales are set to hit a record $6.8 billion during the four-day weekend – a 4 per cent increase on last year.
ANZ economist Sophia Angala said the index is now at its highest level since early September.
“All subindices recorded an increase last week, but the result was driven by a jump in the ‘time to buy a major household item’ subindex,” Angala said. “This was likely linked to sales events ahead of Black Friday on November 28.”
Angala added that the research firm’s weekly inflation expectations also lifted to its highest rate since December 2023. This comes ahead of the first release of the full monthly CPI for October by the Australian Bureau of Statistics, set to be released today (November 26). Angala said this is expected to slight disinflation compared to September.
Across the consumer confidence subindices, 20 per cent (unchanged) of Australians now say their families are ‘better off’ financially than this time last year, compared to 43 per cent (down 1ppt) that say their families are ‘worse off’.
Views on personal finances over the next year improved this week with 28 per cent (up 2ppts) of respondents expecting their family will be ‘better off’ financially this time next year, while 32 per cent (down 1ppt) expect to be ‘worse off’.
One in ten (10 per cent – up 1ppt) now expect ‘good times’ for the Australian economy over the next twelve months, compared to 29 per cent (unchanged) that expect ‘bad times’.
Meanwhile, 11 per cent (up 1ppt) of Australians expect ‘good times’ for the economy over the next five years compared to 23 per cent (down 3ppts) expecting ‘bad times’.
As noted, buying intentions improved significantly this week, with 27 per cent (up 3ppts) of respondents saying now is a ‘good time to buy’ major household items compared to 33 per cent (down 3ppts) that say now is a ‘bad time to buy major household items’. This index is now at its highest since early August 2025.
An analysis by state shows consumer confidence was up in New South Wales, Victoria, Western Australia and South Australia, but down in Queensland.