ANZ’s Head of Australian Economics, David Plank, commented:
“Consumer sentiment fell last week despite solid reports on wages and employment data released last week and falling petrol prices. In our view, the fall can be largely attributed to consolidation after three consecutive upticks following the steep fall over the weekend of the Wentworth by-election. The consolidation leaves confidence well above its long-run average and a little above its level of a year ago. This is despite the fact house prices have been falling for more than a year on average for the country as a whole, albeit with considerable regional variation. With little domestic data this week, global news and petrol prices will dominate.”
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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%