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ANZ-Roy Morgan Australian Consumer Confidence softens to 115.7

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,036 face-to-face interviews conducted Australia-wide with men and women aged 14 and over the weekend January 19/20, 2019.
ANZ-Roy Morgan Australian Consumer Confidence was down 0.9% last week, giving back much of the prior week’s gain. The overall index is still above its starting point for 2019, though it is almost 5% lower than its average for January 2018.

  • Financial conditions declined, with current and future financial conditions falling by 0.3% and 2.4% respectively. Both indices are around the levels seen this time last year and above long-run averages.
  • Economic conditions were mixed, with current economic conditions gaining 3.4% while future economic conditions fell 0.7%. These indices are 6–8% below the levels that prevailed in January 2018.
  • The ‘time to buy a household item’ index fell 3.2%. Four-week moving average inflation expectations declined by 0.1ppt to 4.2%.

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

“It has been a volatile start to the year for consumer sentiment, with the index displaying a down-up-down pattern, though encouragingly it remains above the long-run average. The global news is not helping, with China slowing and political developments in the UK and US dispiriting. Domestically the focus remains on the weak housing market, though as we noted in Friday’s Australian Macro Weekly the evidence of a wider negative impact is still quite limited. Employment will be the key domestic data event this week.”

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%