ANZ-Roy Morgan Consumer Confidence has risen by 3.1 points to 75.9 in the final week of June, hitting its highest rating for over three months since early March.
Despite being 4.5 points above the 2026 weekly average of 71.4, consumer confidence is 10.5 points lower than a year ago.
Driving the uptick higher this week was stronger views on personal finances over the next year and less people feeling worried about the Australian economy ahead.
Now 17 per cent (up 1ppt) of Australians say their families are ‘better off’ financially than this time last year compared to a majority of 52 per cent (down 1ppt) that say their families are ‘worse off’.
Nearly a quarter of Australians (24 per cent – up 2ppt) expect their family will be ‘better off’ financially this time next year, while 39 per cent (down 4 ppts) expect to be ‘worse off’.
Regarding the economy, 6 per cent (unchanged) of Australians expect ‘good times’ for the economy over the next year compared to 35 per cent (down 7ppts) who expect ‘bad times’.
Net views regarding the Australian economy over the next five years also improved this week with 8 per cent (down 1ppt) of Australians expecting ‘good times’ for the economy over the next five years compared to 25 per cent (down 6ppts) expecting ‘bad times’.
Meanwhile, net buying intentions fell for the first time since the Federal Budget week with just 19 per cent (down 3ppts) of respondents saying now is a ‘good time to buy’ major household items compared to 43 per cent (up 1ppt) that say now is a ‘bad time to buy major household items’. This also came as the ‘End Of Financial Year (EOFY) Sales’ period started winding down approaching June 30.
ANZ economist Sophia Angala said this week's rise is the second consecutive uptick for the index, rising 17.1 points from its recent low of 58.8 in late March.
“The rise in confidence was broad-based, with households feeling more positive about their financial conditions and the economic outlook,” Angala said. “Confidence in the 12 months outlook for the economy and households’ personal financial situation lifted to the highest level since February.
“The pick-up may be linked to the decline in the unemployment rate seen in the May Labour Force Survey released last week. It is also possible that the trend lower in petrol prices is supporting confidence and contributing to the decline in inflation expectations.”
An analysis by state shows consumer confidence increased in the four largest states of New South Wales, Victoria, Queensland, and Western Australia, but was down slightly in South Australia.