“Confidence gained for the second straight week, and is now well above its long run average. The federal government’s tax refunds for low- and middle-income earners look to be boosting sentiment, particularly in the case of the ‘time to buy a household item’ subindex. RBA Governor Lowe’s statement that interest rates would remain low for an extended period is also likely to have helped support confidence, pushing equities to 12-year high.”
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Confidence gained 0.3% last week. The financial and economic conditions subcomponents were positive, implying the detail was better than the headline suggested.
Consumer confidence rose 3 points in June to 123, above the historical average. The Current Conditions Index rose 2 points and the Future Conditions Index lifted 4 points.
In May 2019 Roy Morgan Indonesian Consumer Confidence increased 1.8pts from April to 161.8. This is 4.8pts higher than a year ago in May 2018 (157.0) and a significant 25pts above the long-run average (2005-2019) of 136.8.
Confidence was down 1.5% last week, following a decline of 1.1% the previous week. All of the confidence sub-indices were down, with the exception of a flat ‘time to buy’ reading.
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Roy Morgan is the largest independent Australian research company, with offices throughout Australia, as well as in Indonesia, the United States and the United Kingdom. A full service research organisation specialising in omnibus and syndicated data, Roy Morgan has over 70 years’ experience in collecting objective, independent information on consumers.
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%