The ANZ-Roy Morgan Consumer Confidence decreased to 100.1 in February 2026 from 107.2 in January, unwinding January’s sharp rise to over 4-year highs. The share of households seeing it as a good time to purchase a major household item, a key retail indicator, fell 5 points to -4, falling back into negative territory. The future conditions index fell to its November level (106.9 vs 113.5) and the current conditions index dropped to just below its year-end level (90.0 vs 97.7). Assessments of current personal finances also declined (-16% vs -6%), indicating that the recent bump in the road is being felt through experience. A net 20% of respondents see their financial situation to be better a year from now. Expectations for the economy over the next year decreased 7 points to -8%, while the 5-year-ahead outlook fell 4 points to +8%. Lastly, house price inflation expectations eased (3.6% vs 3.7%), while 2-year inflation expectations were little changed (at 4.7%).