ANZ’s Head of Australian Economics, David Plank, commented:
“There was welcome respite in the confidence index after the 6% fall the previous week. Confidence rose 2%, with four of the five sub-indices positive. The rise took the headline index back above its long-run average. Given the weakness in equity markets during the week, which saw the ASX 200 index fall more than 10% from its recent peak, the bounce in confidence was encouraging even if it was modest in the context of the prior week’s fall. The weekly read on inflation expectations more than reversed last week’s jump, suggesting that fears about rising petrol prices have subsided somewhat.
"The 'time to buy a household item' was the only confidence subindex registering negative growth, falling to its lowest level since May 2014. The weakness of this category is not surprising given the state of the housing market. There are a number of data releases this week that could impact sentiment, not least the Q3 CPI. The performance of equity markets may also drive sentiment."
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ANZ-Roy Morgan Australian Consumer Confidence plunged 6% last week, closing just below its long term average and at its lowest level for more than a year. All components of the survey fell sharply.
Consumer confidence was unchanged in September, around its historical average.
Roy Morgan Indonesian Consumer Confidence is up 2.2pts to 160.4 in September 2018 and is now at its highest since November 2014 (161.4). Consumer Confidence is now 10pts higher than a year ago in September 2017 (150.4) and 24.7...
ANZ-Roy Morgan Australian Consumer Confidence fell by 0.7% last week, reversing the gain of 0.7% in the previous week. All the sub-indices were negative other than the ‘time to buy a household item’.
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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%