“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.”
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After two straight weekly gains, consumer confidence fell by 2.3% last week. All the subindices were in the negative except ‘Future economic conditions’.
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.
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’.
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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%