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.”
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ANZ-Roy Morgan Australian Consumer Confidence has ended its saw-tooth pattern by moving higher for the second week in a row, gaining 1.4% last week. The gain has brought the index close to its highest level since early December.
Consumer confidence was unchanged in January, slightly above average.
Roy Morgan Indonesian Consumer Confidence is down 0.3pts to 158.8 in December 2018. However, Consumer Confidence finished 2018 with an average of 158.1 for the year – the highest average ever achieved for a calendar year....
ANZ-Roy Morgan Australian Consumer Confidence was up 0.7% last week, continuing its up-down-up pattern.
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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%