“Confidence was up marginally last week after two consecutive falls, with the detail a little more positive with all the financial and economic conditions readings rising. Of particular note, given the upcoming RBA decision, was the stability of inflation expectations at 4% for the four-week moving average. This has printed at 4% for three weeks in a row and is up from the low of 3.8% seen in mid-June. This will provide comfort to the RBA that the slide in consumer inflation expectations has been arrested.”
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Confidence was down 1.5% last week, following a decline of 1.1% the previous week. All of the confidence sub-indices were down, with the exception of a flat ‘time to buy’ reading.
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 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.
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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%