ANZ’s Head of Australian Economics, David Plank, commented:
“Consumer sentiment ended up in negative territory last week amidst a spate of data releases. A more cautious RBA statement on Tuesday and then the soft Q3 GDP figures Wednesday may have impacted consumer views on current economic conditions, which fell a sharp 6%. Global equity volatility may also have impacted sentiment. On the other hand, current financial conditions were only down a touch after a very strong gain the previous week and future financial conditions were up. This suggests consumers are still feeling good about their own circumstances, which is somewhat at odds with the weak wage data in the Q3 GDP report.”
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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%