Consumer confidence in Australia has declined to its lowest point since mid-June, according to the latest ANZ-Roy Morgan Australian Consumer Confidence survey. The index fell by 3.4 points last week, reaching 85.9 points, while the four-week moving average dropped to 87.3 points.
Weekly inflation expectations increased slightly by 0.2 points to 4.9 percent, with the four-week moving average remaining steady at that level.
The survey also showed that current financial conditions over the past year decreased by 0.2 points, and expectations for future financial conditions over the next twelve months fell sharply by 8.7 points.
Short-term economic confidence for the coming year eased by 2.7 points, and medium-term economic confidence for the next five years dropped by 6.2 points—the weakest result for this measure in fifteen years.
Despite these declines, there was a small increase of 0.7 points in the subindex measuring whether it is a good time to buy a major household item.
"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."