Economic mood is near historic lows. ANZ-Roy Morgan consumer confidence fell from the mid-80s in 2025 to a record low of 58.8 in late March 2026 as the Iran war pushed up fuel prices, and was 68.0 in early October. Only 5% expect good times for the economy over the next year, against 45% expecting bad times. Roy Morgan finds 62.5% saying Australia is going in the wrong direction and 24.5% the right direction. About a quarter of Australians name the economy among the most important issues (Ipsos).
How much it matters Ipsos Issues Monitor: % naming each as one of the most important issues facing Australia.
0% 10% 20% 30% 40% 2026 Mar May July Sept The economy: 26% (Dec 2025) The economy: 24% (Mar 2026) The economy: 25% (Apr 2026) The economy: 24% (Sept 2026) 24%
Consumer confidence ANZ-Roy Morgan: Consumer Confidence index, weekly (100 = as many optimists as pessimists). Dated by the last day of fieldwork.
50 60 70 80 90 100 July 2024 July 2025 July 2026 July Confidence: 87.4 (8 Jan 2023) Confidence: 87.7 (15 Jan 2023) Confidence: 85.9 (22 Jan 2023) Confidence: 86.8 (29 Jan 2023) Confidence: 83.6 (5 Feb 2023) Confidence: 78.1 (12 Feb 2023) Confidence: 80.4 (19 Feb 2023) Confidence: 80 (26 Feb 2023) Confidence: 79.9 (5 Mar 2023) Confidence: 77 (12 Mar 2023) Confidence: 76.5 (19 Mar 2023) Confidence: 76.6 (26 Mar 2023) Confidence: 78.2 (2 Apr 2023) Confidence: 79.3 (9 Apr 2023) Confidence: 77.2 (16 Apr 2023) Confidence: 78 (23 Apr 2023) Confidence: 79.8 (30 Apr 2023) Confidence: 77.7 (7 May 2023) Confidence: 75.9 (14 May 2023) Confidence: 77.3 (21 May 2023) Confidence: 76.2 (28 May 2023) Confidence: 75.8 (4 June 2023) Confidence: 72.7 (11 June 2023) Confidence: 72.4 (18 June 2023) Confidence: 74.9 (25 June 2023) Confidence: 74.1 (2 July 2023) Confidence: 73.3 (9 July 2023) Confidence: 72.6 (16 July 2023) Confidence: 75.2 (23 July 2023) Confidence: 78.4 (30 July 2023) Confidence: 75 (6 Aug 2023) Confidence: 78.2 (13 Aug 2023) Confidence: 75.8 (20 Aug 2023) Confidence: 78.1 (27 Aug 2023) Confidence: 78.7 (3 Sept 2023) Confidence: 77.6 (10 Sept 2023) Confidence: 79.8 (17 Sept 2023) Confidence: 76.4 (24 Sept 2023) Confidence: 78.2 (1 Oct 2023) Confidence: 80.1 (8 Oct 2023) Confidence: 76.4 (15 Oct 2023) Confidence: 78.2 (22 Oct 2023) Confidence: 75 (29 Oct 2023) Confidence: 77.8 (5 Nov 2023) Confidence: 74.3 (12 Nov 2023) Confidence: 74.7 (19 Nov 2023) Confidence: 76.7 (26 Nov 2023) Confidence: 76.4 (3 Dec 2023) Confidence: 80.8 (10 Dec 2023) Confidence: 81.8 (17 Dec 2023) Confidence: 84.8 (7 Jan 2024) Confidence: 84.4 (14 Jan 2024) Confidence: 84.4 (21 Jan 2024) Confidence: 82.5 (28 Jan 2024) Confidence: 83.8 (4 Feb 2024) Confidence: 82.6 (11 Feb 2024) Confidence: 82.8 (18 Feb 2024) Confidence: 83.2 (25 Feb 2024) Confidence: 81 (3 Mar 2024) Confidence: 82.2 (10 Mar 2024) Confidence: 81.7 (17 Mar 2024) Confidence: 83.1 (24 Mar 2024) Confidence: 82.8 (31 Mar 2024) Confidence: 81.9 (7 Apr 2024) Confidence: 83.5 (14 Apr 2024) Confidence: 80.3 (21 Apr 2024) Confidence: 81.1 (28 Apr 2024) Confidence: 80.5 (5 May 2024) Confidence: 80.2 (12 May 2024) Confidence: 82 (19 May 2024) Confidence: 80.2 (26 May 2024) Confidence: 80.5 (2 June 2024) Confidence: 77 (9 June 2024) Confidence: 80.3 (16 June 2024) Confidence: 80.4 (23 June 2024) Confidence: 81.3 (30 June 2024) Confidence: 79 (7 July 2024) Confidence: 78.5 (14 July 2024) Confidence: 84.4 (21 July 2024) Confidence: 83.1 (28 July 2024) Confidence: 81.3 (4 Aug 2024) Confidence: 83.9 (11 Aug 2024) Confidence: 83 (18 Aug 2024) Confidence: 82.6 (25 Aug 2024) Confidence: 83.1 (1 Sept 2024) Confidence: 82.3 (8 Sept 2024) Confidence: 84.1 (15 Sept 2024) Confidence: 84.9 (22 Sept 2024) Confidence: 82 (29 Sept 2024) Confidence: 83.5 (6 Oct 2024) Confidence: 83.4 (13 Oct 2024) Confidence: 87.5 (20 Oct 2024) Confidence: 86.4 (27 Oct 2024) Confidence: 86.5 (3 Nov 2024) Confidence: 86.7 (10 Nov 2024) Confidence: 86.8 (17 Nov 2024) Confidence: 85.7 (24 Nov 2024) Confidence: 88.4 (1 Dec 2024) Confidence: 85.5 (8 Dec 2024) Confidence: 83.9 (15 Dec 2024) Confidence: 87.5 (5 Jan 2025) Confidence: 87.1 (12 Jan 2025) Confidence: 85.8 (19 Jan 2025) Confidence: 86 (26 Jan 2025) Confidence: 88.5 (2 Feb 2025) Confidence: 86.7 (9 Feb 2025) Confidence: 85.1 (16 Feb 2025) Confidence: 89.8 (23 Feb 2025) Confidence: 87.7 (2 Mar 2025) Confidence: 86.9 (9 Mar 2025) Confidence: 83.8 (16 Mar 2025) Confidence: 84.2 (23 Mar 2025) Confidence: 85.3 (30 Mar 2025) Confidence: 86.8 (6 Apr 2025) Confidence: 84.2 (13 Apr 2025) Confidence: 85.5 (20 Apr 2025) Confidence: 83.4 (27 Apr 2025) Confidence: 87.5 (4 May 2025) Confidence: 88.3 (11 May 2025) Confidence: 88.8 (18 May 2025) Confidence: 87 (25 May 2025) Confidence: 86.4 (1 June 2025) Confidence: 86.7 (8 June 2025) Confidence: 85.4 (15 June 2025) Confidence: 86.7 (22 June 2025) Confidence: 87.2 (29 June 2025) Confidence: 88.6 (6 July 2025) Confidence: 86.5 (13 July 2025) Confidence: 86.3 (20 July 2025) Confidence: 86.7 (27 July 2025) Confidence: 90.6 (3 Aug 2025) Confidence: 89.3 (10 Aug 2025) Confidence: 89.4 (17 Aug 2025) Confidence: 86 (24 Aug 2025) Confidence: 88 (31 Aug 2025) Confidence: 89.3 (7 Sept 2025) Confidence: 85.9 (14 Sept 2025) Confidence: 84.6 (21 Sept 2025) Confidence: 86.3 (28 Sept 2025) Confidence: 85.1 (5 Oct 2025) Confidence: 83 (12 Oct 2025) Confidence: 84 (19 Oct 2025) Confidence: 85.8 (26 Oct 2025) Confidence: 84.5 (2 Nov 2025) Confidence: 83.5 (9 Nov 2025) Confidence: 84.2 (16 Nov 2025) Confidence: 87.1 (23 Nov 2025) Confidence: 85.5 (30 Nov 2025) Confidence: 83.5 (7 Dec 2025) Confidence: 81.5 (14 Dec 2025) Confidence: 84.5 (11 Jan 2026) Confidence: 79.3 (18 Jan 2026) Confidence: 84 (25 Jan 2026) Confidence: 80.5 (1 Feb 2026) Confidence: 76.9 (8 Feb 2026) Confidence: 77.1 (15 Feb 2026) Confidence: 80.2 (22 Feb 2026) Confidence: 77.1 (1 Mar 2026) Confidence: 73.4 (8 Mar 2026) Confidence: 68.5 (15 Mar 2026) Confidence: 63.1 (22 Mar 2026) Confidence: 58.8 (29 Mar 2026) Confidence: 62.3 (5 Apr 2026) Confidence: 64.5 (12 Apr 2026) Confidence: 64.3 (19 Apr 2026) Confidence: 67.8 (26 Apr 2026) Confidence: 67.2 (3 May 2026) Confidence: 64.1 (10 May 2026) Confidence: 66.4 (17 May 2026) Confidence: 66.1 (24 May 2026) Confidence: 68.8 (31 May 2026) Confidence: 70.8 (7 June 2026) Confidence: 70.7 (14 June 2026) Confidence: 72.8 (21 June 2026) Confidence: 75.9 (28 June 2026) Confidence: 74.7 (5 July 2026) Confidence: 75.3 (12 July 2026) Confidence: 75.6 (19 July 2026) Confidence: 71.2 (26 July 2026) Confidence: 74.7 (2 Aug 2026) Confidence: 75 (9 Aug 2026) Confidence: 76.5 (16 Aug 2026) Confidence: 77.5 (23 Aug 2026) Confidence: 74.9 (30 Aug 2026) Confidence: 71.9 (6 Sept 2026) Confidence: 73.9 (13 Sept 2026) Confidence: 72 (20 Sept 2026) Confidence: 70.5 (27 Sept 2026) Confidence: 67.1 (4 Oct 2026) Confidence: 68 (11 Oct 2026) 68
Confidence
Good or bad times ahead? ANZ-Roy Morgan: % expecting good times or bad times for the Australian economy over the next twelve months, weekly.
0% 10% 20% 30% 40% 50% 60% July 2024 July 2025 July 2026 July 45% 5%
Bad times Good times
Is Australia heading in the right direction? Roy Morgan: % saying Australia is going in the right or the wrong direction.
0% 10% 20% 30% 40% 50% 60% 70% Apr July Oct 2026 Apr July Oct Wrong direction: 56% (5 Jan 2025) Wrong direction: 49.5% (23 Feb 2025) Wrong direction: 52% (2 Mar 2025) Wrong direction: 51.5% (9 Mar 2025) Wrong direction: 50.5% (16 Mar 2025) Wrong direction: 52.5% (23 Mar 2025) Wrong direction: 51.5% (30 Mar 2025) Wrong direction: 52% (4 Apr 2025) Wrong direction: 48.5% (13 Apr 2025) Wrong direction: 48% (20 Apr 2025) Wrong direction: 52.5% (27 Apr 2025) Wrong direction: 44% (1 June 2025) Wrong direction: 41.5% (22 June 2025) Wrong direction: 46% (29 June 2025) Wrong direction: 46.5% (27 July 2025) Wrong direction: 50.5% (24 Aug 2025) Wrong direction: 53% (21 Sept 2025) Wrong direction: 53% (19 Oct 2025) Wrong direction: 51.5% (16 Nov 2025) Wrong direction: 52% (14 Dec 2025) Wrong direction: 57.5% (18 Jan 2026) Wrong direction: 56.5% (1 Feb 2026) Wrong direction: 58% (8 Feb 2026) Wrong direction: 57% (13 Feb 2026) Wrong direction: 55% (16 Feb 2026) Wrong direction: 57.5% (22 Feb 2026) Wrong direction: 58% (1 Mar 2026) Wrong direction: 59% (8 Mar 2026) Wrong direction: 60.5% (15 Mar 2026) Wrong direction: 59.5% (22 Mar 2026) Wrong direction: 59.5% (29 Mar 2026) Wrong direction: 62% (5 Apr 2026) Wrong direction: 60.5% (12 Apr 2026) Wrong direction: 59.5% (19 Apr 2026) Wrong direction: 60.5% (26 Apr 2026) Wrong direction: 59% (3 May 2026) Wrong direction: 60% (10 May 2026) Wrong direction: 58.5% (17 May 2026) Wrong direction: 60.5% (24 May 2026) Wrong direction: 58.5% (31 May 2026) Wrong direction: 62.5% (7 June 2026) Wrong direction: 64% (14 June 2026) Wrong direction: 64% (21 June 2026) Wrong direction: 57% (28 June 2026) Wrong direction: 59% (5 July 2026) Wrong direction: 62.5% (12 July 2026) Wrong direction: 59.5% (19 July 2026) Wrong direction: 58% (26 July 2026) Wrong direction: 59.5% (2 Aug 2026) Wrong direction: 61.5% (9 Aug 2026) Wrong direction: 60.5% (16 Aug 2026) Wrong direction: 58.5% (23 Aug 2026) Wrong direction: 59% (30 Aug 2026) Wrong direction: 62% (6 Sept 2026) Wrong direction: 64% (13 Sept 2026) Wrong direction: 65% (20 Sept 2026) Wrong direction: 63.5% (27 Sept 2026) Wrong direction: 62.5% (11 Oct 2026) Right direction: 30.2% (5 Jan 2025) Right direction: 34.5% (23 Feb 2025) Right direction: 31.5% (2 Mar 2025) Right direction: 33% (9 Mar 2025) Right direction: 35% (16 Mar 2025) Right direction: 32.5% (23 Mar 2025) Right direction: 32% (30 Mar 2025) Right direction: 33% (4 Apr 2025) Right direction: 34.5% (13 Apr 2025) Right direction: 34% (20 Apr 2025) Right direction: 34% (27 Apr 2025) Right direction: 41% (1 June 2025) Right direction: 43% (22 June 2025) Right direction: 38.5% (29 June 2025) Right direction: 37% (27 July 2025) Right direction: 36% (24 Aug 2025) Right direction: 32.5% (21 Sept 2025) Right direction: 33% (19 Oct 2025) Right direction: 33.5% (16 Nov 2025) Right direction: 33% (14 Dec 2025) Right direction: 30.5% (18 Jan 2026) Right direction: 30% (1 Feb 2026) Right direction: 28% (8 Feb 2026) Right direction: 28.5% (13 Feb 2026) Right direction: 33% (16 Feb 2026) Right direction: 29.5% (22 Feb 2026) Right direction: 26.5% (1 Mar 2026) Right direction: 26.5% (8 Mar 2026) Right direction: 25.5% (15 Mar 2026) Right direction: 27% (22 Mar 2026) Right direction: 24.5% (29 Mar 2026) Right direction: 23% (5 Apr 2026) Right direction: 26% (12 Apr 2026) Right direction: 26.5% (19 Apr 2026) Right direction: 25.5% (26 Apr 2026) Right direction: 26.5% (3 May 2026) Right direction: 25% (10 May 2026) Right direction: 26.5% (17 May 2026) Right direction: 25.5% (24 May 2026) Right direction: 28% (31 May 2026) Right direction: 24% (7 June 2026) Right direction: 26.5% (14 June 2026) Right direction: 25% (21 June 2026) Right direction: 25.5% (28 June 2026) Right direction: 26.5% (5 July 2026) Right direction: 23.5% (12 July 2026) Right direction: 26% (19 July 2026) Right direction: 27% (26 July 2026) Right direction: 27% (2 Aug 2026) Right direction: 24% (9 Aug 2026) Right direction: 26% (16 Aug 2026) Right direction: 27% (23 Aug 2026) Right direction: 28% (30 Aug 2026) Right direction: 24% (6 Sept 2026) Right direction: 23% (13 Sept 2026) Right direction: 21% (20 Sept 2026) Right direction: 21.5% (27 Sept 2026) Right direction: 24.5% (11 Oct 2026) 62.5% 24.5%
Wrong direction Right direction
Consumer sentiment Westpac-Melbourne Institute: Index of Consumer Sentiment, monthly (100 = neutral).
70 80 90 100 110 2026 Mar May July Sept Nov Sentiment: 103.8 (Nov 2025) Sentiment: 94.5 (Dec 2025) Sentiment: 92.9 (Jan 2026) Sentiment: 90.5 (Feb 2026) Sentiment: 91.6 (Mar 2026) Sentiment: 80.1 (Apr 2026) Sentiment: 83 (May 2026) Sentiment: 80.6 (June 2026) Sentiment: 83.9 (July 2026) Sentiment: 84.4 (Sept 2026) Sentiment: 80.4 (Oct 2026) 80.4
Sentiment
Key facts Sept 2024 Roy Morgan (n=14,713): 57% named keeping living costs down among their three most important issues, 22% managing the economy and 19% keeping interest rates down. (roymorgan.com) 29 Mar 2026 ANZ-Roy Morgan Consumer Confidence hit an all-time record low of 58.8 in the week of 23-29 March 2026, after the US-Israel strikes on Iran (28 Feb 2026) drove fuel prices up; six of the seven lowest readings ever came in the following six weeks. (roymorgan.com) 4 May 2026 Roy Morgan reported the RBA had raised the cash rate in February and March 2026 by a total of 0.5 points to 4.1%, ABS headline CPI was 4.6% for the 12 months to March 2026 (trimmed mean 3.3%), and Roy Morgan Business Confidence fell to a record low 76.5 in April 2026. (roymorgan.com) 6 Oct 2026 Westpac-MI consumer sentiment fell 4.7% to 80.4 in October 2026; respondents surveyed before the RBA decision averaged 86.9, those surveyed after averaged 67.2. Westpac cited higher fuel prices, higher interest rates and a broadening housing downturn. (westpaciq.com.au) 11 Oct 2026 Roy Morgan (fieldwork 28 Sep-11 Oct 2026, n=2,655): 62.5% say Australia is going in the wrong direction, 24.5% right direction; wrong direction highest in Queensland (68.5%), lowest in South Australia (54%). (roymorgan.com) 13 Oct 2026 ANZ economist (in Roy Morgan release) said the RBA increased the cash rate to 4.60% in September 2026; ANZ expects another 25bp rise in November more likely than not. Consumer confidence (68.0) was 15 points lower than a year earlier. (roymorgan.com)