The ANZ-Roy Morgan Consumer Confidence Index rose by 8 points in July 2026 to 99.3, its highest reading since February, although still 19 points below its January peak. The proportion of households viewing it as a good time to buy a major household item—a key gauge for retail activity—improved by 4 points to -7. Two-year inflation expectations were unchanged at 4.6%, while house price expectations eased to 2.6% from 3.0%.