ANZ’s Head of Australian Economics, David Plank, commented:
“Consumer confidence is showing signs of improvement despite a decidedly mixed domestic economic environment. The stronger AUD and a more supportive tone from the Fed might have been responsible for rise in confidence. A slight rebound in Chinese PMI may have also helped. A winning turn in the cricket may also have boosted sentiment. The mixed economic backdrop makes it difficult to believe an uptrend in confidence will be sustained, but the fact consumer sentiment is well above average is a pleasing contrast to some of the more downbeat news recently.”
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ANZ-Roy Morgan Australian Consumer Confidence was up 0.7% last week, continuing its up-down-up pattern.
Consumer confidence was unchanged in January, slightly above average.
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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 fo...
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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%