Back To Listing

ANZ-Roy Morgan Consumer Confidence bounces to 116.5

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,084 face-to-face interviews conducted Australia-wide with men and women aged 14 and over the weekend August 25/26, 2018.
ANZ-Roy Morgan Australian Consumer Confidence bounced 2.1% last week, following a sharp 3.5% decline in the prior week. The details were positive, with all but one subindex posting gains.
  • Households’ perception of current financial conditions improved 1.2% last week, largely recovering from the 1.3% fall in the previous week. Sentiment towards future financial conditions bounced a solid 3.1%, partially reversing the 7.6% tumble in the week prior.
  • Consumers’ were also more optimistic about current economic conditions – their assessment improved 2.9% last week, ending its streak of weekly declines. Of particular note, views towards future economic conditions jumped 6.1%- more than reversing the previous week’s 5.3% decline and bringing the subindex to its highest value in six weeks.
  • Going against the tide, the ‘time to buy a household item’ subindex slipped 2.2% to 126.5 (vs 134.0 long term average). Four-week moving average inflation expectations were unchanged at 4.3%.

ANZ Head of Australian Economics, David Plank, commented:

“It is very encouraging to see confidence recover quite strongly after a sharp slide in the previous week. We were concerned that the political turmoil in Canberra might deal another blow to consumer sentiment, but it appears the resolution of the leadership crisis has provided some relief – even if it hasn’t provided the Coalition with a boost in the political polls.

"The strong recovery in future economic conditions suggests that households may view the result as providing policy continuity. It is not all good news, however. Despite the tick up in headline confidence, households remain pessimistic about purchasing large household items.

"This subindex has fallen sharply from its recent high in June, and now sits well below its long term average. Sluggish wage growth, high levels of debt and decreasing house prices are likely constraining sentiment in this regard.”




Click here to download the latest weekly ANZ-Roy Morgan Australian Consumer Confidence PDF.

Latest ANZ-Roy Morgan Consumer Confidence Releases

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

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.

For comments or more information please contact:
Roy Morgan - Enquiries
Office: +61 (03) 9224 5309
askroymorgan@roymorgan.com


About Roy Morgan

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

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