Back To Listing

ANZ-Roy Morgan Australian Consumer Confidence tumbles to 109.5

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,030 face-to-face interviews conducted Australia-wide with men and women aged 14 and over the weekend March 9/10, 2019.
ANZ-Roy Morgan Australian Consumer Confidence nosedived to 109.5, a fall of 4.6% from the previous week’s reading. All the sub-indices were in the negative, with three components falling more than 5%. The decline has also resulted in the headline index and each sub-index closing below their long-run averages.

  • Current financial conditions fell by 2.9%, while future financial conditions took a bigger hit, falling 5.4%.
  • The economic conditions sub-indices were also in the negative, with current economic conditions falling a sharp 7.9% and future economic conditions declining by 5.4%.
  • The ‘time to buy a household item’ fell by 1.7% vis-à-vis a decline of 2.1% in the previous reading.

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

“Confidence took a significant hit last week, falling well below average. We think the soft GDP report and, perhaps more importantly, the focus on a “per capita recession” were the primary factors in the plunge. The last such big decline in confidence was the weekend of the Wentworth by-election, something we thought was unlikely to have a lasting impact on sentiment. This decline could be longer-lasting as it appears to be more related to underlying economic conditions. If it proves to be a sustained decline then it is yet more bad news about a household sector that is already under pressure. No doubt the RBA will take note.”


Click here to download the latest weekly ANZ-Roy Morgan Australian Consumer Confidence PDF.

Latest ANZ-Roy Morgan Consumer Confidence Releases

Latest ANZ-Roy Morgan Australian & Asia-Pacific Consumer Confidence Data Tables

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.

For comments or more information please contact:
Roy Morgan - Enquiries
Office: +61 (03) 9224 5309
askroymorgan@roymorgan.com


About Roy Morgan

Roy Morgan is the largest independent Australian research company, with offices throughout Australia, as well as in Indonesia, the United States and the United Kingdom. A full service research organisation specialising in omnibus and syndicated data, Roy Morgan has over 70 years’ experience in collecting objective, independent information on consumers.

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

40%-60%

25% or 75%

10% or 90%

5% or 95%

5,000

±1.4

±1.2

±0.8

±0.6

7,500

±1.1

±1.0

±0.7

±0.5

10,000

±1.0

±0.9

±0.6

±0.4

20,000

±0.7

±0.6

±0.4

±0.3

50,000

±0.4

±0.4

±0.3

±0.2