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ANZ-Roy Morgan Australian Consumer Confidence tumbles to 114.1

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,072 face-to-face interviews conducted Australia-wide with men and women aged 14 and over the weekend February 9/10, 2019.
ANZ-Roy Morgan Australian Consumer Confidence dropped by 3.4% last week, with all the confidence subindices falling. The drop took the index to a three-month low.

  • Current financial conditions fell sharply, falling by 7.1%. Sentiment toward current financial conditions is back to where it was in November, but still quite some way above the long-run average. Future financial conditions fell by a more subdued 1.6%.
  • Current economic conditions fell by 3.2%, its first fall after three straight weekly gains, while future economic conditions fell by 3.8%.
  • The ‘time to buy a household item’ index fell 1.6%, its fourth straight weekly loss and taking it back to where it was at the end of October. Fourweek moving average inflation expectations were stable at 4.1%.

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

“Consumer confidence took a beating last week, most likely on the back of the RBA’s downgrade to its economic outlook. The fall reversed all the gains and then some since the weak reading seen at the start of this year. Weak retail sales and building approvals data may also have negatively impacted sentiment. Confidence still remains above the long-run average, however, as does the key current financial conditions sub-index. So we aren’t giving up on the consumer just yet.”

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