Small lift to start the new year

Consumer confidence rose 3.0 points last week to 84.5 points. The four-week moving average dropped 0.7 points to 83.8 points.

‘Weekly inflation expectations’ eased 0.2 percentage point to 5.4 per cent, while the four-week moving average was unchanged at 5.6 per cent.

‘Current financial conditions’ (over the last year) ticked down 0.1 points, while ‘future financial conditions’ (next 12 months) increased 3.3 points.

‘Short-term economic confidence’ (next 12 months) lifted 2.9 points, and ‘medium-term economic confidence’ (next five years) was up 3.3 points.

The ‘time to buy a major household item’ subindex jumped 5.9 points.

"ANZ-Roy Morgan Australian Consumer Confidence had its usual jump in early January, however this is the weakest new year’s print in over 15 years," ANZ Economist, Sophia Angala said.

"The ‘time to buy a major household item’ subindex recorded the largest increase across the subindices and is now sitting at its third-highest reading since the beginning of 2025, and only a little below the recent Black Friday peak.

"Weekly inflation expectations eased 0.2ppt last week. This was likely supported by recent monthly inflation data, which showed annual growth in inflation eased slightly in November."

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