“Renewed trade war tensions and the related equity weakness seemed to have negatively impacted consumer sentiment, with the drop over the past week driven by big falls in perceptions of current financial and economic conditions. Both remain comfortably above their long-term averages, however, most likely boosted by interest rate and tax cuts. Weekly inflation expectations fell to 3.7%, the weakest result since the end of June and a disappointing print from the RBA’s perspective especially given the lift in headline inflation in the Q2 CPI. Inflation expectations can be volatile from week-to-week, so we need to get a few more readings before we can determine whether this is a renewed downtrend.”
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ANZ-Roy Morgan Consumer Confidence was up by 1.9% last week, building on the 0.3% gain in the previous week. All the subindices rose except ‘current finances’.
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 gained 0.3% last week. The financial and economic conditions subcomponents were positive, implying the detail was better than the headline suggested.
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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%