The four-week moving average also climbed 0.5 points to 86.3, signalling early optimism for the year ahead.
ANZ Economist Madeline Dunk explained the subindex measuring the “time to buy a major household item” saw a significant increase, jumping 7.2 points to its third-highest reading since June 2022, though still below the Black Friday peak.
Other measures also showed positive movement, with ‘current financial conditions’ lifting 2.4 points, and ‘future financial conditions’ rising by 5.7 points. Short-term and medium-term economic confidence increased by 0.7 and 2.0 points respectively, reflecting a more optimistic outlook from consumers.
Weekly inflation expectations edged up by 0.3 percentage points to 5.1%, while the four-week moving average remained steady at 4.8%.
“ANZ-Roy Morgan Australian Consumer Confidence jumped 3.6 points in the first week of 2025. While it is not unusual for a confidence boost in the first week of the year, this represented a top-three result since the beginning of 2023,” said Ms Dunk.
“The ‘time to buy a major household item’ subindex recorded its third-highest reading since June 2022, though it was below the Black Friday peak.”
She also highlighted the potential for further momentum: “We expect the upward momentum in ANZ-Roy Morgan Consumer Confidence to continue through 2025, as tax cuts, rising real wages, and eventually rate cuts support household disposable incomes. ANZ Research expects the first RBA rate cut in May 2025.”
The weekly findings were based on interviews with 1,547 participants conducted online and via telephone for the ANZ-Roy Morgan Consumer Confidence survey.
