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ANZ-Roy Morgan Consumer Confidence eases, down 0.3% to 115.1

The ANZ Roy Morgan Consumer confidence eased for the third successive week as the
latest reading fell 0.3% to 115.1. The underlying details were mixed, with two out of five
sub-indices registering declines.

The ANZ Roy Morgan Consumer confidence eased for the third successive week as the latest reading fell 0.3% to 115.1. The underlying details were mixed, with two out of five sub-indices registering declines.

  • The drag came from views towards current and future financial conditions which continued the decline from last week, falling 1.5% and 3.4% respectively. Despite the drop, the four-week moving average of aggregate financial conditions remains comfortably above its long run average.
  • Sentiment toward current economic conditions rose marginally by 0.9%, after a similar 0.7% rise the previous week. Future economic conditions recovered some of the 1.1% loss posted last week to rise 0.7% in the latest reading.
  • The ‘time to buy a household item’ rose 1.5% this week, partially unwinding the previous week’s 3.6% slump. Inflation expectations edged down to 4.4% on a four-week moving average basis.
ANZ’s Head of Australian Economics, David Plank, commented:
“It is possible that the further escalation in Sino-US trade tensions and the resultant volatility in global and domestic equity markets are keeping household sentiments suppressed. Setting aside the weekly volatility, a clear divergence is visible between sentiment toward economic and financial conditions since early this year. We believe global news has dictated sentiment around economic sentiment, while more fundamental factors such as continued employment growth have helped maintain confidence in financial conditions.”

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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%

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