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ANZ-Roy Morgan Australian Consumer Confidence down to 117.6

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,017 face-to-face interviews conducted Australia-wide with men and women aged 14 and over the weekend April 27/29, 2019.
After a strong showing in the previous reading, consumer confidence fell by 1.6% last week. All the subindices were in the negative, except the ‘time to buy a major household item’. Confidence remains well above average.

  • ‘Current financial conditions’ was down 2.7%, while ‘future financial conditions’ fell 1.5% after four straight weekly gains, including a 5.2% rise in the previous reading.
  • ‘Current economic conditions’ was down substantially, falling 5.5%, while ‘future economic conditions’ fell 2.6% after a healthy gain of 7.7% in the previous reading.
  • The ‘time to buy a household item’ jumped by 4%. The rise was pleasing, as it is the only subindex that is below its long-term average. The weekly reading for ‘inflation expectations’, which can be volatile, fell to 3.8%.


ANZ Head of Australian Economics, David Plank, commented:

“Confidence took a fall last week after the lower CPI data. The weekly reading on inflation expectations fell to 3.8%, though the four-week moving average ticked up to 4.1%, as a low result from five weeks ago dropped out. Inflation expectations have been trending lower since late last year and have been below 4% three times in the last five readings, which is unprecedented in the history of the ANZ-Roy Morgan survey. We think this highlights the challenge facing the RBA.”




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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

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