"Confidence faltered again due to weakness in the two economic conditions subindices. Continued weakness in these subindices has caused poor performance of the index for some time. Labour market data last week revealed that the job market weakened last month, which is probably the reason why the economic conditions subindices have been down for the last few weeks. Confirmation that wages are still subdued may also have made households apprehensive about the economic outlook, even if it doesn’t seem to be impacting them directly via financial conditions. Renewed weakness in the weekly reading of inflation expectations will be a concern for the RBA."
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The ANZ-Roy Morgan Consumer Confidence index made a U-turn last week, falling 2.1%. All the subindices were in the negative, except future economic conditions.
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.
The ANZ-Roy Morgan index made a strong recovery last week, rising 2.8% after the prior week’s 1.1% drop.
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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%