Consumer confidence remains stable with new figures showing a slight improvement in the long-term view of the economy.

The latest ANZ-Roy Morgan Consumer Confidence ratings remain unchanged for the second week in a row, although it is still about 20 points below what it was at the same time last year.

Confidence is up in Queensland and South Australia, it is unchanged in Victoria and is down in New South Wales and Western Australia.

About a fifth of respondents believe their families are better off financially than this time last year while confidence in the economy remains weak with only about 12% believing it will perform well in the next five years.

There has been a slight deterioration in whether consumers think now is a good time to buy a major household item with only 19% believing it is a good time.

ANZ Senior Economist, Adelaide Timbrell, says confidence among those who own their home outright and those renting declined slightly.