“ANZ-Roy Morgan consumer confidence fell to two year low last week. While households feel okay about their current financial situation, they are clearly quite worried about the outlook, for both their own finances and the economy. Last week’s reported fall in business conditions to a five-year low, the weekend attack on Saudi Arabia’s oil and ongoing broader concerns about both the domestic and global economic outlook are now clearly weighing on consumer sentiment. This is a disappointing development and suggests that expectations for tax and interest rate cuts to spur the consumer to lift the economy may be misplaced.”
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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.
ANZ-Roy Morgan Australian Consumer Confidence fell 1.0% last week. The fall was accentuated by a sharp decline of 7.1% seen in the ‘Time to buy a major household item’ sub-index.
Consumer confidence fell 6 points in July to 116, below the historical average.
In July 2019 Roy Morgan Indonesian Consumer Confidence increased by 1.6pts from June to 160.2. This is 2.9pts higher than a year ago in July 2018 (157.3) and a significant 23.1pts above the long-run average (2005-2019) of 137.1.
Confidence gained 0.3% last week, its second straight weekly gain.
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The media landscape in Australia is in an unprecedented state of disruption and change as digital media continues to upend established norms and business practices at a level we’ve never seen before. However, there is a ‘hard’ currency that remains constant that drives consumers to return to, or reject, brands and channels and that is Trust and Distrust.
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%