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ANZ-Roy Morgan Consumer Confidence slips to 110.4

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 992 face-to-face interviews conducted Australia-wide with men and women aged 14 and over the weekend October 26/27, 2019.

ANZ-Roy Morgan Australian Consumer Confidence was down 1.1% last week; The financial conditions subindices were the only indices supporting the index.

  • Current finances was up by a healthy 5%, reversing much of the recent falls, while future finances gained 0.4% for its third weekly rise.
  • The combined Economic conditions subindex registered its fourth weekly decline and remains a significant drag on overall sentiment. Current economic conditions fell 4% to its lowest level since early 2017, while future economic conditions lost 3.8%.
  • The ‘Time to buy a household item’ was down 3.3% last week compared to a gain of 5.1% previously.
  • The four-week average for inflation expectations was stable at 4.1%, though weekly reading fell below 4% after five weeks of stability.
ANZ Head of Australian Economics, David Plank, commented:
"Consumer confidence lost ground last week as concerns about the economic outlook trumped a more positive assessment of personal finances. Uncertainty around global trade is likely a factor. At the same time, accommodative monetary policy and tax cuts are fuelling better financial conditions. The drop in weekly inflation expectations comes after a period of stability and ahead of the release of the Q3 CPI. We expect that report to confirm that inflation pressures remain subdued."


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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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