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ANZ-Roy Morgan Consumer Confidence recovering to 111.6

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 994 face-to-face interviews conducted Australia-wide with men and women aged 14 and over the weekend October 19/20, 2019.

ANZ-Roy Morgan Australian Consumer Confidence made a partial recovery last week, rising 0.6% after the prior week’s 1.2% drop.

  • Current finances dropped 2.4%, however. This component is now down nearly 10% from its August high. Future finances gained 0.4%, taking it back above its long term average.
  • Current economic conditions gained 0.3%, while future economic conditions declined by 1.1%. Both the subindices are below their long-term average.
  • The ‘Time to buy a household item’ measure gained 5.1%. There have been some big up and down swings in this measure in recent months, but it remains below its long-run average.
  • Inflation expectations were stable at 4.1%.
ANZ Head of Australian Economics, David Plank, commented:

"Confidence eked a small gain on the back of a strong rebound in the ‘Time to buy a household item’ subindex. Outside of this, the results were mixed, perhaps reflecting the news flow over the week. On the positive side, Australia’s unemployment rate moved lower on the back of a decent employment report. But the IMF’s downgrade to Australia’s economic outlook attracted a lot of attention, as did the slowdown in C hina’s data. Of particular note, current finances dropped 2.4% – the second big fall in the past three weeks. This measure is still well above average, but is now down close to 10% from its August high. If consumers lose confidence in their own finances when they are also worried about the broader economic outlook then there may be a material impact on spending."


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

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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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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.

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

40%-60%

25% or 75%

10% or 90%

5% or 95%

1,000

±3.0

±2.7

±1.9

±1.3

5,000

±1.4

±1.2

±0.8

±0.6

7,500

±1.1

±1.0

±0.7

±0.5

10,000

±1.0

±0.9

±0.6

±0.4

20,000

±0.7

±0.6

±0.4

±0.3

50,000

±0.4

±0.4

±0.3

±0.2