“Confidence was down modestly for a second week. The developments in the week were mixed. The NAB monthly business survey remained soft, though some of the details on the labour market were better. The strong bounce in ANZ Job Ads was not reflected in consumer sentiment. On a lighter note, the disappointing (for Australians) outcome of the England-Australia cricket world cup match could have dented the confidence of some respondents. More seriously, it is pleasing that overall confidence remains above average with respondents still reasonably positive about their own financial circumstances.”
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Confidence declined by 1.1% last week, with the decline following the prior week’s 4% gain. The performance of the sub-indices was mixed, with financial conditions up and the others down.
Consumer confidence rose 3 points in June to 123, above the historical average. The Current Conditions Index rose 2 points and the Future Conditions Index lifted 4 points.
In May 2019 Roy Morgan Indonesian Consumer Confidence increased 1.8pts from April to 161.8. This is 4.8pts higher than a year ago in May 2018 (157.0) and a significant 25pts above the long-run average (2005-2019) of 136.8.
Confidence jumped by 4% - one of the largest increases in a year. On an absolute level, the index is at a two-month high.
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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.
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%