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ANZ-Roy Morgan Consumer Confidence bounces to 118.0

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,088 face-to-face interviews conducted Australia-wide with men and women aged 14 and over the weekend September 15/16, 2018.
ANZ-Roy Morgan Australian Consumer Confidence bounced 1.5% last week, more than reversing the prior week’s 1.3% fall. Slight falls in sentiment towards future finances and current economic conditions were offset by solid improvements in views towards the remaining sub-indices.
  • Households’ perception of current financial conditions improved 3.7% last week, partially reversing the 4.8% fall in the previous week. Meanwhile, sentiment towards future financial conditions moderated (down 0.4%) following three straight weekly rises.
  • Households were a touch less optimistic about current economic conditions (down 1.2%), though sentiment towards future conditions improved a solid 3.3% last week.
  • The ‘time to buy a household item’ sub-index reversed its 2.3% decline in the previous week to remain unchanged over a two week period. Four-week moving average inflation expectations were unchanged at 4.3%.
ANZ’S Senior Economist, Jo Masters, commented:

“Confidence bounced last week likely buoyed by the solid jobs report out on Thursday, which showed 44,000 new jobs were created in July. Domestic data seem to have outweighed ongoing global trade concerns, but geopolitical events are continuing to evolve and may come back in focus given the light data calendar this week.

"Encouragingly, views toward current financial conditions largely recovered from their sharp fall the previous week. We also think it noteworthy that after falling quite sharply over the last two months, the ‘time to buy a household item’ sub-index appears to have stabilised, albeit around its lowest level in a year. We are closely watching this sub-index as it provides some insight into how falling house prices may be impacting household spending.

"Overall, while confidence has fallen from its high in June, it remains well above average levels and, in four-week moving average terms, confidence appears to be past its low.”



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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

40%-60%

25% or 75%

10% or 90%

5% or 95%

5,000

±1.4

±1.2

±0.8

±0.6

7,500

±1.1

±1.0

±0.7

±0.5

10,000

±1.0

±0.9

±0.6

±0.4

20,000

±0.7

±0.6

±0.4

±0.3

50,000

±0.4

±0.4

±0.3

±0.2