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ANZ-Roy Morgan Consumer Confidence down to 112.8

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 989 face-to-face interviews conducted Australia-wide with men and women aged 14 and over the weekend August 17/18, 2019.

ANZ-Roy Morgan Australian Consumer Confidence fell 2.3% last week, closing below the long-term average.

  • The fall was driven by weakness in economic conditions, with current falling 3.8% and future losing a massive 7.9%. Both the economic subindices are below their respective long-term average.
  • In contrast, the measures relating to personal finances rose modestly. Current finances were up by 0.2% for the week, while future finances gained 0.6%.
  • The ‘Time to buy a major household item’ index fell 1.4% - its third consecutive decline. The four-week moving average for inflation expectations fell by 0.1ppt to 3.9%. Weekly readings of inflation expectations have shown signs of weakness over the last few weeks.

ANZ Head of Australian Economics, David Plank, commented:

“Australian households appear to be troubled by negative global economic developments and the related equity market weakness, with sentiment toward current and future economic conditions down sharply. Views about current economic conditions have fallen materially for three weeks in a row, while those for future economic conditions are at their weakest since October/November last year. The relative buoyancy of sentiment about personal financial conditions indicates that the tax cuts and lower interest rates are having a positive impact on households. But this hasn’t been sufficient to offset the global news flow. The more negative view on the economic outlook is impacting inflation expectations. The past three weeks have seen weekly readings of less than 4%.”

ANZ-Roy Morgan Consumer Confidence

Confidence down by 2.3%

Confidence lower on global news

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

Latest ANZ-Roy Morgan Consumer Confidence Releases

Latest ANZ-Roy Morgan Australian & Asia-Pacific Consumer Confidence Data Tables

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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About Roy Morgan

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.

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

40%-60%

25% or 75%

10% or 90%

5% or 95%

1,000

±3.0

±2.7

±1.9

±1.3

5,000

±1.4

±1.2

±0.8

±0.6

7,500

±1.1

±1.0

±0.7

±0.5

10,000

±1.0

±0.9

±0.6

±0.4

20,000

±0.7

±0.6

±0.4

±0.3

50,000

±0.4

±0.4

±0.3

±0.2