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ANZ-Roy Morgan Consumer Confidence virtually unchanged at 108.0

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 25/26, 2020.

After two straight weekly gains, confidence declined 0.3% last week.

  • ‘Overall financial conditions’ was flat, as a decline of 0.5% in ‘current finances’ was balanced by a similar increase in future finances. 
  • ‘Current economic conditions’ fell 1.8%, while ‘future economic conditions’ gained 3.5% last week.
  • ‘Time to buy a major household item’ was down 2.4% compared to a gain of 4.7% previously. The four-week moving average of ‘inflation expectations’ was stable at 3.9%.
ANZ Head of Australian Economics, David Plank, commented:

"Confidence declined modestly last week, despite the strong employment number. The news flow around the coronavirus and the potential implications for Chinese and Australian growth likely acted as a material offset to the more positive local news. There are a number of unusual influences on sentiment at present, such as the bushfires and coronavirus and the offsetting impact of strength in the labour market. This makes it more difficult than usual to assess how consumer spending will respond. We think this difficulty will see the RBA opting to wait for more information before it considers a further reduction in the cash rate."

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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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


25% or 75%

10% or 90%

5% or 95%