ANZ’s Head of Australian Economics, David Plank, commented:
“Consumer sentiment was up a touch last week. Lower petrol prices may have played a role in supporting sentiment, with the four week moving average for inflation expectations dropping to its lowest level since late July. Consumer confidence is well above its long-run average, a strong show of resilience in the face of the recent equity volatility and the spate of negative news surrounding house prices.”
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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%