ANZ’s Head of Australian Economics, David Plank, commented:
“Consumer confidence has started 2019 on a soft note, with overall sentiment falling by 2.2%. A number of factors are likely at play. Much of the global news has been negative over recent weeks, with broad weakness in equity prices since the last confidence survey in December reflective of this. More recently the Chinese PMI fell below 50 for the first time in 19 months and the stand-off between the US Congress and the President has intensified. On the domestic front sentiment has likely been affected by the media’s focus on falling house prices. The cricket may not be helping either! On the positive side, lower petrol prices will be helping sentiment and the strong US payrolls report shows there is still plenty of momentum in the US economy. And we should keep in mind that consumer confidence remains above average.”
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ANZ-Roy Morgan Australian Consumer Confidence was essentially unchanged last week, rising just 0.1%.
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ANZ-Roy Morgan Australian Consumer Confidence fell 1.5%, reversing the gains seen over the previous two weeks. Consumer sentiment remains well above its long-run average, however.
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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%