ANZ Head of Australian Economics, David Plank, commented:
“It is very encouraging to see confidence recover quite strongly after a sharp slide in the previous week. We were concerned that the political turmoil in Canberra might deal another blow to consumer sentiment, but it appears the resolution of the leadership crisis has provided some relief – even if it hasn’t provided the Coalition with a boost in the political polls.
"The strong recovery in future economic conditions suggests that households may view the result as providing policy continuity. It is not all good news, however. Despite the tick up in headline confidence, households remain pessimistic about purchasing large household items.
"This subindex has fallen sharply from its recent high in June, and now sits well below its long term average. Sluggish wage growth, high levels of debt and decreasing house prices are likely constraining sentiment in this regard.”
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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.
25% or 75%
10% or 90%
5% or 95%