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ANZ-Roy Morgan Australian Consumer Confidence consolidates to 118.1

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 950 face-to-face interviews conducted Australia-wide with men and women aged 14 and over the weekend September 29/30, 2018.
ANZ-Roy Morgan Australian Consumer Confidence rose by 0.8% last week, reversing the fall of 0.7% in the previous week. All the sub-indices were positive other than the future financial situation.

  • Households’ perception of current financial conditions rose 0.7% last week, its third consecutive weekly gain. Sentiment regarding the future financial situation fell by 1.2%, only partially reversing the previous week's 2.4% rise.
  • Sentiment towards current and future economic conditions rose by 2.1% and 1.3% respectively. Both these indices fell last week, by 1.9% and 3.0% respectively.
  • The ‘time to buy a household item’ sub-index increased by 1.3% compared to a fall of 4% last week. Four-week moving average inflation expectations were stable at 4.3%.

ANZ’s Head Of Australian Economics, David Plank, commented:

“Confidence rose slightly last week, more than reversing the previous week’s fall and broadly consolidating around the current level over September. Overall confidence remains above the long-run average. Importantly, consumers’ perception of the current financial situation registered a third consecutive weekly gain and is at its highest level since early 2018. Consumer resilience in the face of the weaker housing market and, more recently, the rise in petrol prices is encouraging.

"There are a number of domestic events that could impact consumer sentiment over the next few weeks, ranging from this week’s RBA statement and news on retail sales to labour market data later in October. On balance we are constructive on the data flow, which should broadly support consumer confidence though we are mindful that rising petrol prices in particular could negatively impact sentiment - even if this does not seem to be the case in recent weeks.”

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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Roy Morgan is the largest independent Australian research company, with offices throughout Australia, as well as in Indonesia, the United States and the United Kingdom. A full service research organisation specialising in omnibus and syndicated data, Roy Morgan has over 70 years’ experience in collecting objective, independent information on consumers.

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%