Consumer sentiment lifts slightly: ANZ-Roy Morgan

The news: Consumer confidence rose 2 points to 70.9 last week, lifting the four-week moving average to 68 points, according to the latest ANZ-Roy Morgan Consumer Confidence survey.

The context: Australian consumer confidence rose for a second consecutive week, however sentiment remains soft overall, sitting 15 points below its 2025 average.

ANZ economist Sophia Angala noted that the ‘future financial conditions’ and ‘medium-term economic confidence’ subindices have climbed to their highest levels since before the Middle East escalation, while ‘time to buy a major household item’ trended higher, supported by early end of financial year sales.

She added that outright homeowners remain the most confident cohort, followed by renters and mortgage holders, noting that persistent RBA interest rate pressures continue to suppress mortgage holder confidence.