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ANZ-Roy Morgan Australian Consumer Confidence continues recovery to 116.8

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,108 face-to-face interviews conducted Australia-wide with men and women aged 14 and over the weekend October 3/4, 2018.
ANZ-Roy Morgan Australian Consumer Confidence continues recovering from the dive seen the weekend of the Wentworth by-election. This week’s 1.9% rise means confidence has regained almost two thirds of the drop.

  • Performance across the sub-indices was mixed. While households’ perceptions of current financial conditions rose by 1.7%, sentiment regarding the future financial situation fell by 0.4%.
  • Both the sub-indices of economic conditions fell. Current and future economic conditions fell by 1.9% and 0.4% respectively.
  • The ‘time to buy a household item’ sub-index jumped sharply, gaining 9.7%. Despite this sharp gain, this sub-index is no higher than it was a few weeks back. Four-week moving average inflation stabilised at 4.5%. There has been considerable volatility in weekly inflation expectations of late.

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

“Up till the Wentworth by-election, the ANZ Roy-Morgan Consumer Confidence was resilient in the face of negative factors, such as falling house prices and rising petrol prices. The drop on the by-election weekend was one of the biggest for some time, and we were uncertain at the time whether it reflected the circumstance of that event or the impact of the broader environment. The recovery since then, back to a level well above the long-run average, suggest that the plunge was largely due to the by-election. Since then the economic backdrop, which has seen the unemployment rate drop to 5%, seems to be supportive enough to offset negative influences such as the weakness in housing.”


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

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