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ANZ-Roy Morgan Consumer Confidence drops back to 118.9

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,163 face-to-face interviews conducted Australia-wide with men and women aged 14 and over the weekend August 4/5, 2018.
The recent sawtooth pattern of headline ANZ-Roy Morgan Australian Consumer Confidence has continued, with the latest reading down 0.8% and entirely reversing the prior week’s gain. The details were mixed, with gains in views towards current financial and future economic conditions partially offsetting falls in the remaining subindices.

  • Households’ optimism towards current financial conditions improved 0.5% last week, on the back of a 2.9% increase in the previous week. Meanwhile, households were less optimistic about future financial conditions, which decreased 1.3%.
  • Consumers’ assessment of current economic conditions declined 2.7% last week, partially unwinding the 4.1% gain in the previous week. Meanwhile, views towards future economic conditions were up 1.4% last week following a 0.3% rise in the previous week.
  • The ‘time to buy a household item’ subindex fell 1.7% – its third consecutive weekly decline – to its lowest point in 16 weeks. Four week moving average inflation expectations edged back up to 4.3%.

ANZ Head of Australian Economics, David Plank, commented:

“Disappointingly, confidence was unable to hold on to its previous gain. Last week’s positive surprise on retail sales may have been outweighed by news of the decline in house prices and slowing housing credit. The drop means the recent sawtooth pattern in confidence continues.

"But looking through this recent pattern, confidence has generally been rising since April. The strong Q2 retail sales print was consistent with this rise in consumer confidence.

"Given the fall in house prices, high levels of household debt and an already low savings rate future consumption growth is likely to depend heavily on wage growth. On this front, we look to the WPI print out on 15 August, to provide some comfort that wages growth is past its bottom and will gradually move up.”

Click here to download the latest weekly ANZ-Roy Morgan Australian Consumer Confidence PDF.

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Related Research Reports

The latest Roy Morgan Consumer Confidence Monthly Report is available on the Roy Morgan Online Store. It provides demographic breakdowns for Age, Sex, State, Region (Capital Cities/ Country), Generations, Lifecycle, Socio-Economic Scale, Work Status, Occupation, Home Ownership, Voting Intention, Roy Morgan Value Segments and more.

You can also view our monitor of Monthly Australian Unemployment & Under-employment Estimates.

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Margin of Error

The margin of error to be allowed for in any estimate depends mainly on the number of interviews on which it is based. Margin of error gives indications of the likely range within which estimates would be 95% likely to fall, expressed as the number of percentage points above or below the actual estimate. Allowance for design effects (such as stratification and weighting) should be made as appropriate.

Sample Size

Percentage Estimate


25% or 75%

10% or 90%

5% or 95%