ANZ’s Chief Economist, Richard Yetsenga, commented:
“Consumer confidence improved last week, offsetting some of the prior decline, and remaining above the long term average. An important trend that has emerged is an entrenched decline in inflation expectations. The 15% fall in petrol prices over the past three months may be a short-term influence on inflation expectations. But the decline since 2017 is concerning given the improvements in the labour market. Inflation expectations are close to the record low of 3.9% recorded in 2016, not long after the RBA last cut interest rates. In the US also, consumers’ inflation expectations haven’t responded to the tightening labour market as might have been expected over the past year. Deflationary forces are proving to be stubborn and would be a surprise to central banks.”
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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.
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 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.
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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%