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ANZ-Roy Morgan Consumer Confidence up to 116.3

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,011 face-to-face interviews conducted Australia-wide with men and women aged 14 and over the weekend July 20/21, 2019.

Confidence gained 0.3% last week. The financial and economic conditions subcomponents were positive, implying the detail was better than the headline suggested.

  • Current finances gained 2.8%, while future financial conditions were up 0.3%. Both the indices are comfortably above their respective long-term average.
  • The economic subindices were also positive, with current economic conditions gaining 3.4% and future economic conditions rising by 1%.
  • The ‘Time to buy a major household item’ was the only subindex that fell, dropping 4.4%. The four-week moving average for inflation expectations was flat at 4.0%, though weekly inflation expectations rose for the third consecutive week.

ANZ Head of Australian Economics, David Plank, commented:

“Confidence was up marginally last week after two consecutive falls, with the detail a little more positive with all the financial and economic conditions readings rising. Of particular note, given the upcoming RBA decision, was the stability of inflation expectations at 4% for the four-week moving average. This has printed at 4% for three weeks in a row and is up from the low of 3.8% seen in mid-June. This will provide comfort to the RBA that the slide in consumer inflation expectations has been arrested.”

ANZ-Roy Morgan Consumer Confidence and inflation expectations

Confidence up 0.3%

Confidence up a touch

Click here to download the latest weekly ANZ-Roy Morgan Australian Consumer Confidence PDF.

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Latest ANZ-Roy Morgan Australian & Asia-Pacific Consumer Confidence Data Tables

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


25% or 75%

10% or 90%

5% or 95%