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ANZ-Roy Morgan Consumer Confidence rises to 108.3

  • January 21 2020
  • Finding No. 8261
  • Topic: Consumer Confidence Press Release
  • Country: Australia
This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,034 face-to-face interviews conducted Australia-wide with men and women aged 14 and over the weekend January 18/19, 2020.

Confidence continued with its forward march, gaining 0.9% last week. This takes it back to where it was in mid-December. The financial and economic sub-indices were mixed, while the ‘Time to buy a household item’ strengthened solidly.
  • Current finances gained 3.4% vis-a-vis weakness of 5.5% seen in the previous reading. In contrast, future finances declined 2.5%, reversing some of the 4.6% gain seen over the three previous surveys.
  • Current economic conditions gained 2.2%, while future economic conditions fell by 3%. These subindices were up 6.1% and 8.6%, respectively, in the previous reading.
  • ‘Time to buy a major household item’ was up 4.7%, to its highest level since October. Four-week moving average of ‘inflation expectations’ was stable at 3.9%. However, the weekly reading was back above 4% after two weeks of being below.

ANZ Head of Australian Economics, David Plank, commented:

"The gain in consumer confidence seen for the second straight week was encouraging, considering the weakness seen in the first reading of the current year. Overall sentiment remains well below average and quite some way below where it was before the RBA started easing in 2019, however. Some welcome rain during the week may have contributed to the overall rise in sentiment, along with some reasonable local data and the signing of the US-China trade deal Phase One. The attainment of a new record for the local share market could also have played a role. The domestic focus this week will be very much on the employment report. A soft result may dampen sentiment somewhat."




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

ANZ-Roy Morgan Weekly Australian Consumer Confidence Results (All 5 Questions)
ANZ-Roy Morgan 2019 Weekly Australian Consumer Confidence Results
ANZ-Roy Morgan Monthly Australian Consumer Confidence Results (1973-2020)
ANZ-Roy Morgan New Zealand Consumer Confidence Results (All 5 Questions)
Roy Morgan Indonesian Consumer Confidence Results (All 5 Questions)

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

Consumer Confidence – Monthly Detailed Report in Australia.
Business Confidence – Monthly Detailed Report in Australia.
Consumer Banking Satisfaction - Monthly Report in Australia.

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