ANZ’s Head of Australian Economics, David Plank, commented:
“Up till the Wentworth by-election, the ANZ Roy-Morgan Consumer Confidence was resilient in the face of negative factors, such as falling house prices and rising petrol prices. The drop on the by-election weekend was one of the biggest for some time, and we were uncertain at the time whether it reflected the circumstance of that event or the impact of the broader environment. The recovery since then, back to a level well above the long-run average, suggest that the plunge was largely due to the by-election. Since then the economic backdrop, which has seen the unemployment rate drop to 5%, seems to be supportive enough to offset negative influences such as the weakness in housing.”
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After last week’s sharp fall, ANZ-Roy Morgan Australian Consumer Confidence recovered by 2%, regaining a third of last week’s decline. Four of the five sub-indices were positive.
October consumer confidence slipped 3 points to below-average levels.
Roy Morgan Indonesian Consumer Confidence is up 2.2pts to 160.4 in September 2018 and is now at its highest since November 2014 (161.4). Consumer Confidence is now 10pts higher than a year ago in September 2017 (150.4) and 24.7...
ANZ-Roy Morgan Australian Consumer Confidence plunged 6% last week, closing just below its long term average and at its lowest level for more than a year. All components of the survey fell sharply.
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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.
25% or 75%
10% or 90%
5% or 95%