ANZ Senior Economist, David Plank, commented:
“The fall in confidence last week would be seen as disappointing in Canberra given the near-term boost to household incomes delivered in the Budget. Given the usual volatility in the weekly data, we don’t believe the decline indicates a negative response to the Budget. Rather, it suggests the announcements failed to provide a boost. On a definitely positive note, the sharp decline in the weekly inflation expectations reading in last week’s numbers more than reversed this week. This will be some comfort to the RBA.”
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ANZ-Roy Morgan Australian Consumer Confidence was up by 2.6% last week. The uptick has resulted in the index closing near its one month high.
Consumer confidence was steady in March. The ANZ-Roy Morgan Consumer Confidence Index rose 1 point to 122, around its historical average. Moves were pretty much rounding errors: the Current Conditions Index fell 1 point to 125,...
In February 2019 Roy Morgan Indonesian Consumer Confidence is up 3.3pts to 159.5. Consumer Confidence is now 5.4pts higher than a year ago in February 2018 (154.1) and 23.1pts above the long-run average (2005-2019) of 136.4.
ANZ-Roy Morgan Australian Consumer Confidence was broadly unchanged last week, edging down just 0.1%.
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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%