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ANZ-Roy Morgan Australian Consumer Confidence regains to 119.8

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,101 face-to-face interviews conducted Australia-wide with men and women aged 14 and over the weekend November 10/11, 2018.
ANZ-Roy Morgan Australian Consumer Confidence continues recovering from the dive seen the weekend of the Wentworth by-election. Indeed, this week’s 2.6% rise means confidence is now higher than it was heading into the by-election.

  • Performance across both financial and economic conditions was positive. Households’ perceptions of current financial conditions and future financial situation rose by 3.9% and 2.2% respectively. Views about current financial conditions are close to the highest level seen since the GFC. At the same time, current and future economic conditions jumped by 7% and 4.5% respectively.
  • The ‘time to buy a household item’ sub-index fell by 3.1%, only partial reversing the prior week’s sharp gain of more than 9%. Four-week moving average inflation fell by 0.1 ppt to 4.4%.

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

“Consumer confidence registered its third consecutive gain after the sharp fall recorded during the Wentworth by-election weekend. In fact, confidence has more than regained that fall and is at its highest level since late July.

"Last week’s RBA Statement on Monetary Policy was quite upbeat on the Australian economy. At the same time, the Bank’s message of no near-term hikes in the interest rate was reassuring for households. Sentiment might have received boosts from the recent easing in petrol prices and the rebound in equity markets.

"There is some important data this week that may impact household sentiment, not least Q3 wage data. We think this will be boosted by the rise in the minimum wage and the finalising of some enterprise agreements.”

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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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%