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ANZ-Roy Morgan Australian Consumer Confidence consolidates to 117.2

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 988 face-to-face interviews conducted Australia-wide with men and women aged 14 and over the weekend September 22/23, 2018.
ANZ-Roy Morgan Australian Consumer Confidence fell by 0.7% last week, partially reversing the rise of 1.5% in the previous week. The fall was due to the declines in sentiment regarding economic conditions and buying a major household item.

  • Households’ perception of current financial conditions registered growth of 3.5%, building on the gain of 3.7% the previous week. Sentiment regarding the future financial situation rose by 2.4%, more than reversing last week’s modest 0.4% fall.
  • Offsetting these gains, sentiment towards current (-1.9%) as well as future economic conditions (-3.0%) fell.
  • The ‘time to buy a household item’ sub-index declined by 4% compared to a rise of 2.3% last week. Four-week moving average inflation expectations were stable at 4.3%.

ANZ’s Head Of Australian Economics, David Plank, commented:

“Confidence fell slightly last week, partially retracing the previous week’s gain. Overall confidence remains above the long-run average. Importantly, consumers’ perception of the current financial situation rose a strong 3.5%. This builds on last week’s gain and takes confidence in the current financial situation to its highest level since early 2018. The continued strength of the labour market is most likely driving this improvement and appears to be more than offsetting the news of modest increases in floating mortgage rates.

"On the weak side, the ‘time to buy a household item’ subindex fell a sharp 4.0% last week to 127.8. This subindex has fallen quite sharply since late June and likely reflects an adjustment process by households in an environment of falling house prices and low wage growth.”

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

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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%

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