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ANZ-Roy Morgan Consumer Confidence virtually unchanged at 115.5

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 995 face-to-face interviews conducted Australia-wide with men and women aged 14 and over the weekend August 10/11, 2019.

Confidence fell marginally by 0.3% last week, consolidating at an above average level.

  • Current finances were up by 2.6% for the week, while future finances gained 2.4%. Both are above average.
  • In contrast, the economic conditions sub-indices were down – with current economic conditions falling 4.3%, closing below its long-term average, while future economic conditions lost 0.3%.
  • The ‘time to buy a major household item’ index fell 2.6%, its second consecutive decline. The four-week moving average for inflation expectations was stable at 4.0%.

ANZ Head of Australian Economics, David Plank, commented:

“Confidence was down marginally last week, essentially consolidating after the previous week’s decline. The RBA Board’s statement on Tuesday was cautious on the outlook, with the RBA’s forecasts on Friday showing a downward revision to the near-term outlook but still a recovery after the weakness in the second half of 2018 and the first half of 2019. Continued volatility in equity markets likely had an impact on sentiment, as likely did the news that Australian bond yields have fallen to record lows.

"The impact of tax cuts appears to be showing up in the financial conditions subindices, with more people saying they are better off financially.”

ANZ Roy Morgan Consumer Confidence Inflation August 10 11

Confidence down by 0.3%

Confidence down a notch

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

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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


25% or 75%

10% or 90%

5% or 95%