ANZ’s Head of Australian Economics, David Plank, commented:
“Confidence has been hovering around the same level for the last few weeks. A softening in the tension on US-China trade deals may have supported sentiment. Domestically, the numbers from the capex print were encouraging though they weren’t strong enough to offset some of the other indicators suggesting a soft GDP print for Q4. There is a lot out this week, with the RBA statement and Q4 GDP report the most notable. There is some prospect that Q4 GDP could be negative, which might be a blow to consumer sentiment in the week ahead. The continued resilience in consumer confidence suggests the recent slowing in GDP growth has not yet impacted the labour market to a material extent. We think whether it does or not will be the key to the outlook and the stance of the RBA.”
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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%