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ANZ-Roy Morgan Consumer Confidence virtually unchanged at 114.4

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 999 face-to-face interviews conducted Australia-wide with men and women aged 14 and over the weekend August 31/September 1, 2019.

Confidence gained 0.3% last week, its second straight weekly gain.

  • Financial conditions were mixed, with current finances down 3.3% after a strong rise in the prior week and future financial conditions gaining 1.3%. Both measures of financial conditions are above average.
  • Economic conditions were also mixed. Current economic conditions fell 2.7%, the fifth consecutive decline, while future economic conditions rose 3.8%. Both the sub-indices are below average.
  • The ‘Time to buy a major household item’ sub-index gained 1.7%. This follows a rise of 4% in the previous week. The four-week moving average for inflation expectations rose by 0.1ppt to 4%.
ANZ Head of Australian Economics, David Plank, commented:

“Confidence was up marginally last week despite some not-so-positive economic data. Reports on business investment and construction work done pointed to a very soft Q2 GDP report, 0.2% by our reckoning. Consumers’ views toward their own finances were down somewhat, but this drop follows the very strong gain in the prior week and still leaves sentiment about personal finances well above average. Consumers remain apprehensive about the economic outlook over the coming year. In our view, how the divergence between these two measures is closed will be a key determinant of consumer spending in the year ahead. A good piece of news for the RBA is the rise in inflation expectations after the four-week moving average dipped below 4% for a couple of weeks.”





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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

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